Service tax rates on work contracts

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

Replies (1)

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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