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.

Ganeshbabu K

Ganeshbabu K (Expert)
Follow

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

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now