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Service Tax on Works Contract

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 September 2010 Is it correct that present Service Tax on Works Contract is 4% on whole contract price excluding MVAT on input material? If Labour and material shown seperately then what is the calculation of service tax?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
23 September 2010 10.3% on the value arrived at as per rule 2A(1)(i)(b) of Service tax (determination of value)Rules,2006.
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SAIBAL

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SAIBAL (Expert)
24 September 2010 Agreed with Mr.B.Chakrapani. Tax to be calculated only on the labour portion.
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Praveen Sharma

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Praveen Sharma (Expert)
24 September 2010 agree with the expert view.

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