Let me know Weather Service Tax Applicable for constructions of education institutions. If applicable, what's the rate and how to calculate rates of tax.
10 June 2015
As per the Notifn.No.6/2015-ST, dated 01.03.2015, construction, erection, commissioning, installation, completion, fitting out, repair, maintenance, renovation, or alteration of a structure meant predominantly for use as (i) an educational, (ii) a clinical, or (iii) an art or cultural establishment, the exemption is deleted from 01.04.2015 onwards and it is taxable under Works Contract Service under Service Tax Provisions @ 40% for new constructions.