Service tax calucation
This query is : Resolved
26 July 2009
Can any one tell me that how to compute the Service tax on compostion system.
one of our claint engaged in painting works contract , as per the service tax rules we cannot claim the abetment. so please expalin how caluclate the service tax on composation basis.
one of our claint engaged in painting works contract , as per the service tax rules we cannot claim the abetment. so please expalin how caluclate the service tax on composation basis.
30 July 2009
Full value of contract = 100
Compistion Service Tax @ 4% = 4
Education Cess = 2% of ST = 0.08
SHE Cess = 1% of ST = 0.04
Total 4.12%
Compistion Service Tax @ 4% = 4
Education Cess = 2% of ST = 0.08
SHE Cess = 1% of ST = 0.04
Total 4.12%
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