Service tax
harish (retired) (25 Points)
05 March 2017harish (retired) (25 Points)
05 March 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195640 Points)
Replied 05 March 2017
"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.