Service tax notification.


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Querist : Anonymous

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Querist : Anonymous (Querist)
10 August 2012 Sir,
our partnership firm engaged in excavation work. as per newly issued notification of service tax how much we are liable to pay?

10 August 2012 It falls under the common pretext of "WORKS CONTRACT." May proceed to pay on 40% of the contract value. Even you can take the help of reverse charge mechnism. It is 50:50 for service provider and service receiver


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