Work contract
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 July 2013
in work contract electricity contract how to calculate service tax amount
which is any % or
any pastern to deduction in bill service tax
pl give suggestion.
which is any % or
any pastern to deduction in bill service tax
pl give suggestion.
Ganeshbabu K
(Expert)
05 July 2013
If value is not determined under rule 2A(i) is not made, then service tax can be paid under composition scheme under rule 2A(ii).
It may be noted that valuation under rule 2A(ii) can be made only if valuation under rule 2A(i) has not been done.
for electrical contracts we can consider 60% as service portion and so caluculate ST on 60% value
It may be noted that valuation under rule 2A(ii) can be made only if valuation under rule 2A(i) has not been done.
for electrical contracts we can consider 60% as service portion and so caluculate ST on 60% value
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