Dear Sir,
I want to know whether there is any abatement under work contract service & what is rate of service tax?
Machine given on rent ,whether this is covered under service tax? If, yes then uder what service it is covered?
Thanks
Naveen
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Service tax query
Replies (3)
There is no abatement for works contract, but you have a componding scheme wherein u can opt to pay tax at 4% plus cess
Hiring of machinery will come under Services in Supply of Tangible Goods - tax rate is 10.3%
Renting of machinery is not covered under service tax. It is covered under VAT. You need to charges VAT and not service tax.
Regards
Dayananda
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