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Home News News and Press Release Month 7 2014 2014 (7) This

Service tax on service portion in Works Contracts - Rationalization - THE FINANCE (No. 2) BILL, 2014

13-7-2014
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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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