Answer Posted / anju sharma
The rate of service tax in construction company will be at 4%(composite rate scheme option) as there is involvement of material with labour part. So,we can opt the option of paying the service tax @4% on the gross amount.
In normal option,we can pay the service tax @10.3% only on labour part(services)
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
what is the manual procedure for accounting
How can do it TDS in accounts?
If balancing account is not assigned to company & is assigned to department wat will be the effects
What information is included in a bill for services?
Cost Accounting
What is an adjusting journal entry?
What do you mean by ledger posting?
what is the relationship between cost accounting financial accounting and managerial accounting?
pls. tell me with detail (what is the rate of service tax and w.c.t. for a contractor who do civil work -make building and repairing. what is the format of generate a bill for (with material and labour both ) what entry should i pass in my accounts bokks. general and sales entry.
The Horse bought rs. 2000 on Jan.20th died, its carcase was sold for rs.50 loss rs. 1950 what is journal enty
in Sensex and Nifty, what is the measure to take the points
What is the difference between the accrual accounting and cash accounting?
Define fair value accounting?
What are the criteria for accounting job?
please send me banking question on my email ID as I have been selected for state bank of india .my email ID is sawant.supriya51@gmail.com