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Works contract

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(Querist)
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.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
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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