Service tax is applicable or no on work contract tax ???
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 September 2011
Dear Experts,
we made a contract for supply and installation of Air conditioner contract is under composite scheme of service tax with contract.
now my query is if contractor is charging service tax in this way
A Work Done = 100
B WCT 4.20% on work done = 4.2
C Service Tax 4.12%(A+B) = 4.3
is above tax calculation is right or should we pay service tax 4.12% on work done(A) part.
Please Advise.
Regards
Ravinder
we made a contract for supply and installation of Air conditioner contract is under composite scheme of service tax with contract.
now my query is if contractor is charging service tax in this way
A Work Done = 100
B WCT 4.20% on work done = 4.2
C Service Tax 4.12%(A+B) = 4.3
is above tax calculation is right or should we pay service tax 4.12% on work done(A) part.
Please Advise.
Regards
Ravinder
02 September 2011
Service tax is to be levied @4.12% on Rs.100/-. Pl refer explanation to rule 3(1) of Works Contract(Composition Scheme For payment of Service tax ) Rules,2007.
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