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.

Answer Posted / mk

new rate is 10.3% and applicable compoundding rate is 3.43%

Is This Answer Correct ?    14 Yes 6 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

If we want to do online PT registration it starts from 2007-08. But our firm started 2005-06. What is the procedure? Manually we have to submit the documents. Can any one let me know.

1513


type of sale and purchase tax?

1484


is there easy guide for the latest India tax & accounting information for 2010?

1625


If I have bought goods from a seller in India and finally exported it to some other country, my understanding says I have to issue form H to seller to get cst exemption. My question is wether Bill of lading is must to be given to seller or not bcos if I give bill of lading to the seller from whom i haave bought material confidential information will go to seller as bill of lading will have buyers details...pls guide how to overcome this issue.

1571


In the Balance sheet of a company you see the following details, Liabilities: Provision for tax - AY 2008-09 RS 200000 AY 2009-10 RS 300000 AY 2010-11 RS 200000 Assets: Advance Tax- AY 2008-09 RS 150000 AY 2009-10 RS 300000 AY 2010-11 RS 200000 On 15-03-2011, the assessment order for AY2008-09 was received and the final tax liability was stated to be RS 250000. Pass the journal entry for the closing of the relevant accounts in the books for the AY 2008-09.

1434






what the procedure of filing mvat pls. explain in briefly ?

1776


Provision for Service tax, Income tax and Sales tax

1670


Kindly, tell me abount the WCT of U.P. material & labour supply for installment of lift in premises at Noida (U.P.), our lift supplier giving the bill in 90% material & 10% Labour & charged the up vat of 12.5% , Can we liable for WCT deductor ?

1388


DEFINATION OF LABOUR ACT?

1878


Define Amortization & Impairment?

1660


HOW CALCULATE PARTERNERSHIP FIRM INCOME TAX ON NET PROFIT.

1780


what is cost taxation

1533


what will be my tax if i suddenly got 800000 to 1000000 in my bank by chq from sale of an old house?

3253


I am a civil Engineer consultant. On an item for example Rs.100, I am adding 4%WCT ie., Rs.4 and I am certifying the contractor bill for Rs.100.00 + Rs.4.00 = Total Rs.104.00. But my client is deducting 4% on Rs.104.00 ie., Rs. 4.16. So, finally contractor is losing Rs. 0.16 on Rs. 100 which amounts to lakhs on the project value. Can you please guide me on this? Santosh Kumar

1743


how to calculate vat, st, cst, excise duty, customs duty, tds.

1183