what is rate of service tax for construction co?



what is rate of service tax for construction co?..

Answer / 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

More Accounting General Interview Questions

i have paid the vat amount for the financail year 2009-2010 in the financail year 2011-2012.how to pass journal entries

3 Answers  


how will decide that vender payment is ok without reco

0 Answers   VSI,


Please Explain the following Depreciation Methods? 1.stright line method 2.reducing method 3.annuti Method 4.funds Method 5.insurance Method

1 Answers  


sir, i m working in an ngo as accountant but new. pleas clear my doubt in tally. suppose 'a' salary is 5000. he taken 3000 advance from salary and not returned. i paid a cheque next month rest 2000. 'b' salary is 10000, taken 5000 advance from salary and returned so i paid him 10000 total salary. what all to do in tally. is the following procedure is ok or not?

5 Answers   Banking,


Can any body missuses the pass book of a saving account in a bank in India? I mean in case some body steal a pass book, can the account be stolen too?

4 Answers   State Bank Of India SBI,






What is meant by Ratio analysis

2 Answers  


Need to know the treatement of Pre-Operative Expenses and preliminary expenses. How would you differentiate these two?

1 Answers  


Hi sir, Our appointed one agent for sales promotion activities. This agent doing the job "canvas of our product". My quires 1)it is eligible for service tax and how to accounted. 2) this transaction is direct expenses or direct expenses? Pl suggest me

0 Answers   Supraveni Chemicals,


what is the basic difference between pooling of interest method and purchase method in amalgamation

0 Answers  


1. If i receive one invoice from our contractor on 01.08.10 , but the invoice date 30.07.10. My question is in what date i should take into account this transcation (i.e 30.07. Or 01.08.10) 2. If i receive a cheque from our customer on 30.08.10 but its not possible to deposit in the same date, because of closing of bank hours, it is possible only to deposit the cheque on next day only. In this case which date i should taken for account the transcation.

3 Answers  


What would be the TDS Payment entry after deducting TDS using TDS helper?

2 Answers  


in terms of accounting the trial balance when is it taken?

0 Answers  


Categories