Variability in service tax charging
This query is : Resolved
20 March 2014
please clarify adaptability in charging with a service tax percentage of 4.12% in execution of electrical original work. noticed in invoice copy
21 March 2014
In case of works contract Rule 2A provides that the value in case of original works shall be 40% of the total invoice value.
Accordingly service tax rate will be
12.36% * 40% = 4.12%
Accordingly service tax rate will be
12.36% * 40% = 4.12%
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