Vat & service tax liability in works contract

MANISH SAXENA (PRACTICE) (72 Points)

10 July 2012  

After the applicability of Nagative List of Service Tax is there any change with respect to a Private Limited Company which engage in the Bussiness of Construction ,Eraction ,installation etc.

Where in the Previous Year 2011-12 Company pays the Vat @ 67% on the Gross amount Charged and Pay Service Tax @ 33% Gross amount Charged .

So Please tell me is there any change in Cuurent Situation?

Regards 

Manish Saxena