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What is the taxable amount??? plz guide

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14 August 2013 on which amount the service tax be paid in case of works contract??? the total contract price or the actual amount received against contract???

14 August 2013 If books of accounts maintained and service portion is distinguishable, then charge 12.36% on service portion

if books of accounts not maintained, 75%/70% of abatement will be available on total bill amount depending upon the nature of work contract

15 August 2013 Irrespective of maintenance of Books of accounts service tax is payable in terms of various rules pertaining to valuation rules, abatement notification, RCM section 66f etc.




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