WHT IS THE SERVICE TAX RATE FOR WORKS CONTRACT
3 Replies
RITESH KOTHARI
(B.COM, FCA, DISA(ICAI))
(778 Points)
Replied 04 July 2009
if u r distinguishing value of services and value of goods then u have to pay ST @ 10.3% on the value of services provided or to provided only
if u r not distinguishing the materials and the services component then pay a flat rate of 4.12% on gross amount of bill charged.
BALWANT SINGH RAJPUT
(ACCOUNTANT)
(22 Points)
Replied 07 July 2009
what rate of service tax should be charged on advertising services ?
Is there any concession in service tax rate for advertisement agencies ?
Sir Please reply
RITESH KOTHARI
(B.COM, FCA, DISA(ICAI))
(778 Points)
Replied 07 July 2009
ST RATE IS 10.3% AND THERE IS EXEMPTION FOR:
1. Cinema theatres
2. Telephone directories, business directories, yellow pages
3. Canvassing if limited to space selling
4. DAVP, Govt. Agencies/Depts
5. Making of neon sign-boards
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