Works contract
This query is : Resolved
06 July 2015
Sir/Madam,
One of our client providing construction services(W.C) and also earlier he opt composition scheme.But he charged service tax @2.47% on total consideration.I am not getting on which basis he charged 2.47%.Please replay on which basis he charged above said rate. If it is wrong,provide what is the rate.
One of our client providing construction services(W.C) and also earlier he opt composition scheme.But he charged service tax @2.47% on total consideration.I am not getting on which basis he charged 2.47%.Please replay on which basis he charged above said rate. If it is wrong,provide what is the rate.
06 July 2015
They are right in charging 2.47%. Service tax payable on 40% in case of original works. Out of this 50% payable under RCM. So 12.36% on 20% is 2.47%.
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