Service tax on construction contract
Wali ur Rehman (Proprietor) (25 Points)
24 September 2016Wali ur Rehman (Proprietor) (25 Points)
24 September 2016
Mir Irshad Ali
(Partner)
(192 Points)
Replied 25 September 2016
Since it is a contact for original work
Abatement of 60% in terms of Notfn No. 26/2012-ST
Service Tax is payable on 40% value of gross amount of contract.
Service Tax 14%
Swatch Bharat Cess 0.5%
Krishi Kalyan Cess 0.5%
Total 15% (on 40% value)
The Reverse charge, if any, applicable is to be examined as per Notfn No. 30/2012-ST.
Mir Irshad Ali
(Partner)
(192 Points)
Replied 25 September 2016
The abatement is as per Notfn No. 24/2012-ST
Wali ur Rehman
(Proprietor)
(25 Points)
Replied 26 September 2016
Sunil Kumar
(Indirect Taxation )
(1246 Points)
Replied 26 September 2016
No reverse charge is applicable in your case.
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