Dear All,
One of the my client is doing business of under works Contract Tax (Only for Labour Lob ) but registered in Service Tax as a WCT
1) What will be the rate of Service Tax on the time of issuing invoices under WCT
Regards
Nikumbh
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Service tax under wct
Replies (5)
If the labour & material are seggregated, then the labour services amount shall be chargeable @ 12.36%
If the composite bill is made, then the same shall be taxable @ 12.36% of the following amount of gross amount charged in the invoice:
---Original works--------------------------40%
---Repair/maintenance of goods----70%
---Others------------------------------------60%
Registration is irrelevant now. Only the valuation wouldbe an issue.
In our job there is no materials only labour job
In Your Case Service Receiver Will Pay Service Tax Under Reverse Charge Machanism
Under reverse machanism only 50 % paid by service receiver. But what will be rate
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