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TMI BlogRate of service tax on core cuttingX X X X Extracts X X X X X X X X Extracts X X X X ..... a contractor is doing core cutting (breaking RCC contructions) with drilling and other quipments.what should be rate of service tax? In sept04,because of lack of clarity,he did not take reg.but he too ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... k r.c. in June05. Whether he is liable to any penalty? - Reply By Surender - The Reply = For levying service tax on Job Work certain conditions must be satisfied. If it is amount to manufcture, there ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is no service tax. If final manufacturer is paying excise duty, again service tax is not payable. Otherwise service tax is payable. If you have not taken registration and paid service tax in time, yo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... u are liable for penalty also. - Reply By Madhukar N Hiregange - The Reply = The rate of ST upto 18th April 2006 is 10.2% and therefater 12.24%. He can avail the exemption of 67% on gross value under ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 15/2004 and 1/2006 . He would not be eligible for credit on inputs, captial goods and input servcies. - Rate of service tax on core cutting - Query Started By: - paresh zatakia Dated:- 13-7-2006 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Service Tax - Got 2 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagement ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... india.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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