Work contract abatement
This query is : Resolved
05 December 2012
in work contract can we pay service tax on 33% amount of bill??OR service tax will be on 40% as per new notification???
Jayant Bothra
(Expert)
05 December 2012
As per Service tax (Determination of value) Rules, 2012. Following are the values to be determined for payment of service tax :-
Original Works - 40%
Maintenance or Repair or Reconditioning or Servicing of any good - 70%
Other Work Contract- Completion and Finishing Services - 60%
Regds
CA JAYANT BOTHRA
M: 9873-626-020
Original Works - 40%
Maintenance or Repair or Reconditioning or Servicing of any good - 70%
Other Work Contract- Completion and Finishing Services - 60%
Regds
CA JAYANT BOTHRA
M: 9873-626-020
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