banner_ad

Service tax on work contract

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
30 May 2015 Sir mujhe yeh pata karna work contract,repair or maintenace pe kaise service tax calculate karte hai, isme 60 or 40 nikal ke jo aaye uska aadha karke kaise service tax charge karte hai sir iske bare me bataye mai isme confuess hun mujhe yeh 60/40 ka chakar samajh nahi aa raha
Profile Image

MOHAMMED HUSSAIN

Profile Image

MOHAMMED HUSSAIN (Expert)
31 May 2015 Dear Sir

For Works Contracts (New Works), the abatement is 60% and if the recipient is paying 50% (50% of 40%) tax at their end, you have to charge balance 20% in your invoice that means Rs.100/- invoice value & WCT Service Tax @ 20% i.e. 2.472% totalling to 102.472 @ 12.36% (This rate is 14%) from 01.06.2015 onwards. For MRS, you have to bill for 35% (50% of 70%) tax not 30%.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details