What is Service Tax Rate on Works Contract?

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vsns sharma (Querist)
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19 October 2008 We got civil contract for Rs.623 Lakhs in MP. My boss asked me the impact of VAT /WCT/Service Tax & How can We benefit from this? I arraived material cost of 127lakhs, Direct Cost-272lakhs & Overheads-156Lakhs. I Calculated Input VAT & Output Vat.Here I am unable to know WCT & Service Tax % & value. Moreover my client deducting wct-2% in the payment. Is it elegible for Input tax. Plz help me how to go about?

BALU V

BALU V (Expert)
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23 November 2008 In respect of service tax furnish more particulars. Nature of servicee and rendered to whom

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