Hi,
The rate of Service Tax in composition scheme is 4%.
I want to know wether Edu cess and Sec & higher Edu cess will be applied on the rate of 4%?
It will be nice if reply is alongwith some backup.
Regards,
RJ
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Service TAx on Works Contract of Composition Scheme
Replies (2)
| Originally posted by :R!t35H J @ !N | ||
| " |
Hi, Yes the basic education cess and secondary education cess is applicable on composition rate of 4%. so effectively the rate of compoistion service tax rate is 4.12%.
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" |
Yes, edu Cess and Higher Edu Cess will be applied on 4%.
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