bhanuprasad (SR EXECUTIVE OFFICER) (49 Points)
26 May 2011Hi,
We are bills which attracks Service Tax, but Service Tax Charges by different parties were not uniform some of them were charging 2.58%,4%&10.3%. Is there any specified rates for different type of services or parties having the special exemption. Can any one please help me.
venkateswarlu.
(CA Final )
(118 Points)
Replied 26 May 2011
Standard rate as per Finance Act 2010 is Service Tax Rate is 10.3%. but we can go to composition Scheme of 4% if it is a Works Contract Service.
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