Tax rate & abatments in case of work contract service.
This query is : Resolved
Abhijeet Khivansara
(Querist)
03 November 2012
There is an firm which has gross receipt from work contract of Rs. 1 Cr. & is newly registered under service tax.
Please guide how should i calculate the tax amount, should opt for composition scheme or as an normal dealer.
Please guide how should i calculate the tax amount, should opt for composition scheme or as an normal dealer.
Pradeep Nainawati
(Expert)
03 November 2012
Kindly refer Rule 2A of Service Tax (Determination of Value) Rules, 2006.
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