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Work contract abatement

This query is : Resolved 
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(Querist)
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???
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Jayant Bothra

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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
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