Notification number
This query is : Resolved
23 April 2012
ie. service tax to be paid 33.3% on work contract under which notification number or service tax rule section
ie. service tax to be paid 33.3% on work contract under which notification number or service tax rule section
24 April 2012
In respect of works contract services there is no abatement notification. Either pay 10.30% (12.63%) or 4% (4.80%) under composition.However first time by amending Rule 2B of valuation rules, abatement provisions has been inserted in respect of Works Contract Services. Check your valuation method accordingly.
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