Service tax on work contracts.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 March 2014 Dear Sir,

I request you to tell me the rate of service tax on work contracts. I think it is 4.944 (40% of 12.36). But my employer company is charging @ 4.2768 (33% of 12.36)on the new projects also. What may be the logic behind this.

Thanks

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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12 March 2014 Service tax on 'works contract' is governed by notification 24/2012 in which I didn't find such a rate.

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