Service tax computation in case of work contract
This query is : Resolved
sandeep kumar
(Querist)
01 April 2014
Dear Experts ,
We are running a partnership firm(construction & consultancy services) we charged to our client service tax 4.944% on work done value but we consider the labour charges 30%, material value 70% in vat returnsso please clear me how did i calculate my service tax liabilty as per rules.if any computation sheet avilable plz mal me acc.sandeep2012@gmail.com
t
We are running a partnership firm(construction & consultancy services) we charged to our client service tax 4.944% on work done value but we consider the labour charges 30%, material value 70% in vat returnsso please clear me how did i calculate my service tax liabilty as per rules.if any computation sheet avilable plz mal me acc.sandeep2012@gmail.com
t
Harsha goyal
(Expert)
01 April 2014
When you are applying composition scheme in service tax then in vat also same has to be applied. I mean in vat also you should opt for composition scheme otherwise this prob. will occur.
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