Reverse charge in works contract


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Querist : Anonymous (Querist)
07 January 2015 change in works contract reverse charge mechanism from 1-10-14
please tell me taxable portion of service

07 January 2015 The taxable portion on the service for other works contract has now become 70% from 60% earlier i.e 01.10.14. However, there is no change in the taxable portion for original civil works contract (construction) and remain as 40% and other civil works contract (finishing services) is same 70%.


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