Service tax to be charged on works contract
This query is : Open
19 June 2014
Dear Sir/ Madam,
I am providing works contract service of POP and electrical fitting work to builder who is constructing new building for residential purpose.
My question is that what is the rate of abatement on works contract service provided by me
I am providing works contract service of POP and electrical fitting work to builder who is constructing new building for residential purpose.
My question is that what is the rate of abatement on works contract service provided by me
19 June 2014
There is no abatement in your services but under the reverse charge system you need to pay service tax on the value of 50% vide notification no. 30/2012-ST.
19 June 2014
But sir as per Works contract service there is abatement for contractor who get contract with material
Abatement of 40% for original work
Abatement of 70% repairing work
Abatement of 60% for finishing , electrical fitting etc.
sir if i am wrong please correct me
Abatement of 40% for original work
Abatement of 70% repairing work
Abatement of 60% for finishing , electrical fitting etc.
sir if i am wrong please correct me
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