banner_ad

Work contract

This query is : Resolved 
Profile Image

Profile Image

(Querist)
18 September 2013 Material Cost @67% calculated on Taxable Amount and Labour cost 33% calculated on Taxable amount, service tax calculated on Labour cost (33 x 12.36% = 4.0788%). 4.0788% calculated on total Taxable amount.

Material- 1,59,01,413 x 67% = 1,06,53,946.71.
Labour - 1,59,01,413 x 33% = 52,47,466.29

Service Tax - 1,59,01,413.00 x 4.0788% = 6,48,586.833
Service Tax - 52,47,466.29 x 12.36% = 6,48,586.833

Is it Correct or not????
Profile Image

CA Vikas Acharya

Profile Image

CA Vikas Acharya (Expert)
19 September 2013 correct
both method correct

but there is no more any 67% abatement
for new rules see notification 26/2013 or service tax valuation rules
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details