24 December 2012
What is the Rate of Tax for Alluminium fabrications under KVAT Act 2003 and also I want to know Composition rate of Tax for this what is the service tax amount we need to collect on this, how to calculate the service tax
28 December 2012
Mr Udaya, For all fabricated goods general rate of tax i.e. 14.5% is applicable. On the sale of such fabricated goods no ST is applicable. If you are engaged in a works contract of aluminium fabrication, then it is 5.5%. In these contracts labour can be caculated at actuals or 25% for ST purpose(12.36%).....MJK
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