20 February 2009
one of our client is a construction contractor. It has received an work-order for construction of a residential complex at Bangalore. For computation of Service tax, it takes 33% of the total bill value. My doubt is i am not able to idnetify any such provisions in Service tax Act. Under which Act it has been stated that 33% of the total bil value shall be considered for the levy of service tax.urgent please.
20 February 2009
Please refer the abatement notification 1/2006 which allows 12 services to reduce abatement from their taxable value.this is one of them which allows 67% abatement
CAclubindia
