Works Contract Abatement

This query is : Resolved

venu (Querist)
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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

Arbind Aggarwal

Arbind Aggarwal (Expert)
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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.

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