Service Tax on Works Contract
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 September 2010
Is it correct that present Service Tax on Works Contract is 4% on whole contract price excluding MVAT on input material? If Labour and material shown seperately then what is the calculation of service tax?
23 September 2010
10.3% on the value arrived at as per rule 2A(1)(i)(b) of Service tax (determination of value)Rules,2006.
24 September 2010
Agreed with Mr.B.Chakrapani. Tax to be calculated only on the labour portion.
Praveen Sharma
(Expert)
24 September 2010
agree with the expert view.
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