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service tax @ 4.12%

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(Querist)
06 March 2009
service tax leived @ 4.12% for contracts?
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CA LOKESH KASAT, FCA, M.Com

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CA LOKESH KASAT, FCA, M.Com (Expert)
06 March 2009 Tax on Construction Services is payable on 33% of gross amount charged for taxable services, if gros amount includes value of material.
Service Tax rate will be 12.36% only but value of taxable services will be exempted to such extent.

No such rate of 4.12% in Service Tax.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
06 March 2009 Pl see this for 4.12% http://www.servicetax.gov.in/workcontract-rules.htm
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