TMI Blogservice tax on construction activityX X X X Extracts X X X X X X X X Extracts X X X X ..... Which method for payment of service tax should be applied where a construction activity is eligible for abatement at the rate of 75 percent on gross value? In other words if gross value of Rs.1010 ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Rs.10 included towards VAT) inclusive of all is paid by customer as full consideration, should we pay service tax on Rs.250 at the rate of 12.36 percent by 'forward calculation' or should we ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pay service tax on Rs.250 by 'back calculation' ? - Reply By Madhukar N Hiregange - The Reply = The abatement of 75 percent is when the value includes the value of land. Therefore 250 is i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nclusive of ST. Backward calculation would be appropriate. - service tax on construction activity - Query Started By: - MAYUR DODIYA Dated:- 2-6-2014 Service Tax - Got 1 Reply - Service Tax - Discu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|