24 February 2012
A PVT LTD DOING ITS ELECTRICAL CONTRACT BUSINESS UNDER COMPOSITE TAX @ 4% AND IT IS PAYING LABOUR CHARGES WITH SERVICE TAX. IT IS RAISING BILL ON LABOUR CHARGES @ 4% ON LABOUR CHARGES. IS IT CORRECT? HOW TO ACCOUNT SERVICE TAX AND WHAT IS THE RATE OF SERVICE TAX AND INPUT SERVICE TAX CAN AVAILED FOR PAYING SERVICE TAX AMOUNT