Reverse charge in works contract

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

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

RENGARAJ R.K

RENGARAJ R.K (Expert)
Follow

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%.