Which Service Tax Rate is applicable for PCC Nov 08 exam 12.24 or 12.36????????
Plzzz Help
Menu
Service Tax Rate for Nov 08 PCC exam
Replies (4)
Dear friend.
The ST Rate applicable is 12.36%
Dear friends, please remember that it is not 12.36%. It is 12% plus EC and SHE Cess @ 2% and 1% repsectively. In total effective tax is 12.36%. We cannot cess into tax and then tell consolidated rate. Please do remember, the rate is 4% plus Cesses in case of composition scheme under works contract services (Sec.65(1050(zzzza).
general rate is 12.36%
we have received road construction from a corporate for Rs 25 lks further we have given a sub contract to other contracter all material and labour cost will be borne by the sub contractor. how much service tax will be charged by the sub contractor and howmuch service tax we shall charge to the company whether we can take credit for the service tax charged by the sub contractor material cost is 60 to 70 % and the rest is labour charges. PLEASE ADVISE
Recent Topics :
- TDS on dividend to non resident shareholders
- Best CA Inter classes in Laxmi Nagar for Group 1?
- Gst refund
- Compliance under Society Act 1860
- Hi experts need help
- How to object stamp duty value if property is sold
- Residential House property and it's loan can shown
- Income Tax Department Website Error While Importin
- Loan & Joining bonus to new employees Chief Ma
- Income Tax NUDGE Notice – Gift of Shares fro
Related Topics :
CAclubindia
