Service tax

This query is : Resolved

Yash Dave (Querist)
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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)
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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%
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Total -- 4.944%
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