Jiten (CA) (167 Points)
14 June 2012Dear All,
after new notification 6th June ...plz tell me real estate will be covered under works contract ? what rate applicable
can we take credit for input services like we received bill from contractor and he charge 4.944% service tax under composition scheme. plz suggest what to do ...and from ist july what rate should be charged from customer on collection.
tks
jitendra
Jiten
(CA)
(167 Points)
Replied 14 June 2012
Hi
plz also tell me suppose if do agreement that we will charge actual expenses as a reimbursement suppose we have done expenditure on consultancy, site exp, other overheads and we have divided proportniate on area and accordingly raised debit note. should we charge service tax on it or it is exempt because this is actual reimbursement not a consideration or profit .
plz suggest
CAclubindia
