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
Message likes :
1 times
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Sales return eway bill
- Relief u/s Section 89
- REGARDING GST LIABILITY/....
- Specified Profession
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- STCG FOR GOLD ETFs
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
