Works Contract Abatement
This query is : Resolved
25 November 2010
Dear All,
whether not claiming abatement in service tax returns, disentitles 67% abatement as provided by notification no.1/2006 in case of a WORKS CONTRACT?
Thank You
whether not claiming abatement in service tax returns, disentitles 67% abatement as provided by notification no.1/2006 in case of a WORKS CONTRACT?
Thank You
25 November 2010
On works contract the rate of service tax is 4.12% without any abatement.
If you opt for abatement then the rate of tax will be 10.3%.
Any of the option can be availed before payment of service tax.
If you opt for abatement then the rate of tax will be 10.3%.
Any of the option can be availed before payment of service tax.
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