Menu
Service tax
Sir,
I am giving contract for renovation of my house to building contractor and he is asking me to pay extra amount o/c services tax @ 15% on the whole amount of the contracted amount. The work is replacement of water pipes and electrical wires re-plastering of walls and painting and tile work.
I presume he should charge on the 25% contracted amount. Please help/advise me.
Replies (2)
"services tax @ 15% on the whole amount of the contracted amount.." NO
Service tax on works contract over only labour bill would be 15%. Otherwise its on 70% of contract value for repairs/renovation work (i.e 10.5% of total value).
In such case its always economical to bifurcate the bills of materials and labour charges.
Agree with Sir
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
