Service Tax Rate For Lumsum contract in SEZ

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Vinay (Querist)
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08 April 2009 As per new notification Service tax applicable for SEZ units,so if order is lumsum i.e for both supply & installation then what will be the service tax rate applicable?

Madhukar N Hiregange

Madhukar N Hiregange (Expert)
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08 April 2009 If the same is a works contract the contractor has 3 options:
1)Go under compiostion and pay ST @4.12% after availing credit of Capital Goods CE + Input services ST.
2) Go under Not.12/2003 and deduct the value offerred under VAT in regular scheme and avail credit on CG + Input Ser.
3) Avail credit of CED on all inputs ( machinery etc) and charge the ST on the gross amount.[ Useful where cusotmer can avail the credit]

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