What is the taxable amount??? plz guide
This query is : Resolved
Guest
Guest
(Querist)
14 August 2013
on which amount the service tax be paid in case of works contract??? the total contract price or the actual amount received against contract???
14 August 2013
If books of accounts maintained and service portion is distinguishable, then charge 12.36% on service portion
if books of accounts not maintained, 75%/70% of abatement will be available on total bill amount depending upon the nature of work contract
if books of accounts not maintained, 75%/70% of abatement will be available on total bill amount depending upon the nature of work contract
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15 August 2013
Irrespective of maintenance of Books of accounts service tax is payable in terms of various rules pertaining to valuation rules, abatement notification, RCM section 66f etc.
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