PLEASE TELL ME WHAT IS A ACTUAL RATE OF SERVICE TAX IF I HAD AN LABOUR INCOME BY PROVIDING LABOUR SERVICE AND UNDER WHICH SERVICE SHOULD I CLASSIFIED IT ?
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 25 April 2013
The rate of servic etax is 12.36 including csses. If you are a corporate then you need to charge the entire amount ifnot then pay @ rate 12.36 % but on 25 %. The service reciver would pay on 75%.
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