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Home News Commentaries / Editorials Month 5 2007 2007 (5) This

Effective Rate of Service Tax on Works Contract under composition scheme

27-5-2007
  • Contents

Effective Rate of Service Tax on Works Contract under composition scheme " 

Effective rate of service tax on services involved in Execution of Works Contract under composition scheme is 2.06%. i.e. 

Basic Rate of Service Tax

= 2%

Education Cess

= 2% on 2%

S H E Cess

= 1% on 2%

Total

= 2.06%

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