service tax on contract work
This query is : Resolved
15 May 2009
may i know whether a contractor (construction work) has to pay service tax? if so how it is calculated
15 May 2009
Yes, contractor has to pay service tax if her receipt over 10 lakhs in a financial year.
16 May 2009
Construction contractor's work comes under 'works contract services' u/s 65(105)(zzzza) of the Finance act,1994 and accordingly has to pay service tax if the receipts crosses Rs.10 lakhs either under normal rate or under compounded rate.
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16 May 2009
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