Service tax
This query is : Resolved
ramkulkarni
(Querist)
06 August 2012
service tax applicable to contractual services, whether material cost is to be execluded and what will be the percentage of service tax for remaining service?
U S Sharma
(Expert)
06 August 2012
https://www.servicetax.gov.in/st-profiles/works-contract.pdf
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PAWAN KUMAR
(Expert)
06 August 2012
The service tax is to be paid @ 4.8% + 3% cess on service portion which is to be determined on the following basis :
Gross amount inclusive of cost of goods and services - Only Value of goods (intimated to sales tax department).
If the value is not ascertained, then separate provisions are there such as 40% of gross amount charged, 70% of gross amount charged and 60% of gross amount charges is to be taken for the purpose of service tax. You may refer the notification no. 24 dated 06.06.2012 of service tax.
Gross amount inclusive of cost of goods and services - Only Value of goods (intimated to sales tax department).
If the value is not ascertained, then separate provisions are there such as 40% of gross amount charged, 70% of gross amount charged and 60% of gross amount charges is to be taken for the purpose of service tax. You may refer the notification no. 24 dated 06.06.2012 of service tax.
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