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Service tax

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11 September 2012 in bulder case from 01-jul-2010 we are chagring servicetax on recipts basis our mthod is gross recipts recved -75%=bal 25%@10.3% charged as servictax is there any other method of charging servic tax on builder case or the method we are using is correct what is the service tax we have to charged fro 1-4-2012 & what is the int rate & penlaty on delay of payment of servic tax & returns
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Amol S Joglekar

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Amol S Joglekar (Expert)
11 September 2012 the method is correct. From 2012 the rate is increased to 12.36
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