Works contract service
This query is : Resolved
Dhruv Gaglani
(Querist)
06 January 2012
This is regarding the composition scheme in Works Contract service. If one adopts for the composition scheme, then he is liable to pay service tax @ 4%. Howver my doubts are as follows:
1. He collects service tax from the customer @10% or @4% ?
2. Is he exempt from payment of VAT as well?
1. He collects service tax from the customer @10% or @4% ?
2. Is he exempt from payment of VAT as well?
16 January 2012
The service provider would be collecting Service tax at 4.12% (0.12% towards education cess and SHE cess). VAT is not exempt and should be paid as per the provisions of respective state VAT laws
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reward for festival
- 18% Rent a cab
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Capital gain on commercial property and investment in residential property
- Movement of goods by packers and movers - type of sale - Reg.
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- TDS Return Statement Status
- Import of Capital Machine
- Appointment of Auditor By Form ADT-1
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
