Kindly let me know the servicetax is applicable to an workorder or not. If the workorder is considered as consultancy charges what isthe percentage of TDS.(whether service tax is to be calculated for the workorder or Not for this). If anybody knows the tds percentages for subcontract,contract etc. your reply is highly solicitable
24 July 2009
If its a work order, then service tax would be applicable. Any how if its a combination of supply of service and material then Service tax would be applicable on 2/3rd amount of invoice and VAT would be applicable on the remaining amount.
If ur charging consultancy fees, then TDS would be 10.3% (after budger 09-10), TDS on subcontract is 1% plus cess
CAclubindia
