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Service tax on work contact

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(Querist)
16 February 2014 if person is providing service of
work contract under composit scheme what is rate of service tax?
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CA Aditya

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CA Aditya (Expert)
17 February 2014 VAT and Service Tax to be charged : 60% VAT and 40 % service tax.
I.e if billing is Rs 100, then 60% i.e Rs 60 VAT to be charged and 40% i.e Rs 40 service tax to be charged.

Aprat from than if Service Provider is Individual, HUF, AOP then service provider to be charged only 50% of his liability i.e in above case Service provider to be charged Rs 20 in the invoice and Rs 20 should be paid by the service receiver.
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