What is the applicable rate of service tax on work of
construction company i.e. real estate developer company plz
improve my knowledge about it.
Answers were Sorted based on User's Feedback
Answer / mk
new rate is 10.3% and applicable compoundding rate is 3.43%
Is This Answer Correct ? | 14 Yes | 6 No |
Answer / gopal
The service tax is applicable only consultancy service if
we are provide in construction comapany any consultancy for
interior design or any services so we can charge service
tax @ 10.30%.
Is This Answer Correct ? | 16 Yes | 10 No |
service tax is the tax collected on all service providers
generally the rate of service tax percentage is 12.36%
12% is service tax & .36% is e.d cess and for the
construction companies w.c.t is applicable and the rate of
w.c.t is 4.5%
Is This Answer Correct ? | 39 Yes | 35 No |
Answer / vivek chauhan
service tax rate is 3.43% (tatal bill amount) in
construction or real estate developer co. or
10.30% in total bill amount/3 both are equal, like
suppose bill amount Rs-500/- @3.43%=17.15/-
500/3x10.30%=17.16
Is This Answer Correct ? | 5 Yes | 1 No |
Answer / vinod s gajjar
WHAT IS THE RATE OF SERVICE TAX IN GUJARAT FOR
DEVELOPERS/BUILDERS ETC
Is This Answer Correct ? | 6 Yes | 3 No |
Answer / jitender patwa
in haryana ,,,wct rate is 4% currently use,,,and chargeable service tax is 4.12% ,,,,alternative now some companies use WCT service tax chargeable is 10.3*33%=3.41% and some are use4.12%both are use now,,,this is use in constructional companies .....but gov changes only service tax 12.36 to 10.33% now but in coputent formula is not change,,so 4.12% is chargble in service tax,,,,,,for in feature ,,,no problem for gov,,incquries,,,,
Is This Answer Correct ? | 3 Yes | 1 No |
Answer / sudhakar
Currentely service tax rate is 10.3% Where we supllier
proives material with labour there WCT is alos applicable.
in MP value is segracate for service tax & WCT. 67% value
for services & 33% for material.
Is This Answer Correct ? | 12 Yes | 11 No |
Answer / sushil27284
Current percentage of service tax on works contracts is 4.12% (f.Y.2011-12)
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sreenivasarao
total area of polt is 820 sqf,total residence plot are 12
nos pl advisec to me
Is This Answer Correct ? | 5 Yes | 6 No |
Answer / dinesh sharma
today servise tax is 12% and cess is .36% but before
september'07 it was 12% servise tax and .24%cess and wct is
diffrent rates in all states. utterpradesh is 2% uttranchal
is 1% haryana is 4% in wct charges
Is This Answer Correct ? | 18 Yes | 22 No |
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Ganesh & Gopal joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Ganesh 90000 Withdrawals of Gopal 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.
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