education and higher education cess on work contract composition schem

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..... education and higher education cess on work contract composition schem
Query (Issue) Started By: - RAM AVTAR Dated:- 2-7-2011 Last Reply Date:- 2-7-2011 Service Tax
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Service Tax .....

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as per rule 3(1) of work contract composition schem a total 4% is payble on gross determined value of services. whether education and higher education cell in included in 4% or it is 4.12% Reply .....

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..... By pradeep khatri: The Reply: Cess (Edn. Cess + SHE Cess) will be calculated extra on the 4%. Reply By RAM AVTAR: The Reply: finance act 2004 and 2007 says education and higher education cess calcu .....

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..... lated on the tax which is levied and collected under section 66 of the Finance Act, 1994. while cluase 3(1) of work contract scheme says " to works contract service shall have the option to dis .....

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..... charge his service tax liability on the works contract service provided or to be provided, instead of paying service tax at the rate specified in section 66 of the Act, by paying an amount equivalent .....

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..... to four per cent w.e.f 1.3.2008, earlier it was 2% of the gross amount charged for the works contract.
Discussion Forum - Knowledge Sharing .....

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