Service Tax works contract
This query is : Open
CA Harshit Rathi
(Querist)
30 November 2016
Can a individual works contractor under composite scheme ( service tax ) 40% & 60% claim abatement of 75% of 40% labour payment under construction of residendial flats..
I have a doubt in this.please help
CA R SEETHARAMAN
(Expert)
30 November 2016
For labour payment no abatement applicable. In case of payment inclusive of material and labour abatement of 60% applicable and service tax payable on 40% for original works.
CA Harshit Rathi
(Querist)
04 December 2016
Thanks for the clarification -)
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