Service tax calucation
This query is : Resolved
Devaraja H.P
(Querist)
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.
Madhukar N Hiregange
(Expert)
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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