11 August 2008
Suppose there is a works contract comrising materials worth Rs 70 and labour charges Rs 30. Please indicate the value on which S Tax will be laviable on this works contract bill.
I think that this should be on the labour part only.
18 August 2008
As a trade facilitation measure, service tax can be paid on composition scheme also, which is equivalent to 2% of the gross amount charged for works contract exclusive of vat.
CAclubindia
