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Service tax rates on work contracts

Nitin Sharma (Employee) (44 Points)

08 June 2015  

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


 1 Replies

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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