WHT IS THE SERVICE TAX RATE FOR WORKS CONTRACT
sumit sehrawat (student) (70 Points)
04 July 2009WHT IS THE SERVICE TAX RATE FOR WORKS CONTRACT
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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