COMPOSITE RATE
This query is : Resolved
27 January 2009
IF COMPOSITE RATE IS APPLICABLE FOR LEVYING SERVICE TAX,THEN BASIC RATE OF 12.36%IS NOT APPLICABLE. I WANT TO KNOW ON WHAT BASIS WE WILL CHARGE COMPOSITE RATE OR BASIC RATE
29 January 2009
Composite means where supply and service are not seperated.
Service tax rate is 4% on the total value of the contract.
If can be seperated then, 12.36% on the service portion only.
Service tax rate is 4% on the total value of the contract.
If can be seperated then, 12.36% on the service portion only.
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