Dear All,
pls. help me out to provide Service Tax Rates on work Contracts. earlier the same was @ 4.80 % + Cess & H. Cess.
Regards
Nitin
Nitin Sharma (Employee) (44 Points)
08 June 2015Dear All,
pls. help me out to provide Service Tax Rates on work Contracts. earlier the same was @ 4.80 % + Cess & H. Cess.
Regards
Nitin
Vishal Jain A
(Practicing CA)
(941 Points)
Replied 08 June 2015
Dear Nitin,
New Rate will be as follows:
1. For Original Works - 5.6% (14% * 40%)
2. For Repairs, Renovation, Alteration, etc. - 9.8% (14% * 70%)
No EC and SHEC applicable. Swach Bharat Cess will be applicable for a future date yet to be notified.
Regards,
Vishal Jain A
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