Service tax

This query is : Resolved

Yash Dave (Querist)
Follow

23 April 2012 dear sir i want want to ask that in work contarct servictax collected can be adjsut against service tax paid if yes plese provide deatils other queries i want to ask is from 1-4-2012 in works contract act service tax is 4.944 so when we collect service tax we should seprately apply 4.9444 plus 3 educess tax or dirct 4.9444 and also in others 12.36 direct or 12.36 plus 3% educess tax please provide details.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

24 April 2012 There is no mention in the act that works contractor opting composition rate should not collect service tax.
From 1/4/2012 the rate may be applied as follows:-

Service tax -- 4.800%
Cess -- 0.096%
SHE Cess -- 0.048%
------
Total -- 4.944%
======

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now