Mvat & service tax invoice under works contract tax

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Dear All,

How we can prepare invoices against Works Contract Tax :-

1) Suppose Labour Plus materials cost is ....................................20000

2) What rate will be Service Tax .......................................................?

3) What rate will be MVAT ...................................................................?

Thanks

Nikumbh

 

Replies (1)
In case of works contract,rate of service tax it will depend upon the nature of works contract... In the following cases, the following amount of % of gross amount charged(i.e.200000 in ur case) is taxable---- -- original works-- 40 % --repair/ maintenance of goods-- 70% -- other cases-- 60%


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