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Service tax on service portion in Works Contracts - Rationalization - THE FINANCE (No. 2) BILL, 2014 |
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| 13-7-2014 | |||
Service tax on service portion in Works Contracts - Rationalization: • In Rule 2A of the Service Tax Valuation Rules, category ‘B’ and ‘C’ of works contracts proposed to be merged into one single category, with service portion as 70%; this change will come into effect from 1st October, 2014. |
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