Work contract service
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 April 2015
what exemption available in case of work contract service?
ADITYA GOEL
(Expert)
06 April 2015
In case of works contract for original works construction exemption is given through abatement notification :-taxable service part would be 40% of gross amount charged.
In case of other works of repair and maintainence taxable part would be 70%.
Also service tax would be shared in ratio of 50%:50% by service provider and recipient respectively.
In case of other works of repair and maintainence taxable part would be 70%.
Also service tax would be shared in ratio of 50%:50% by service provider and recipient respectively.
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