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Service tax under Works contract

VAT and Sales Tax - Started By: - Srivatsan Krishnamachari - Dated:- 23-5-2016 Last Replied Date:- 25-5-2016 - Dear Experts,I need clarification on below issues related to Works contract & Service tax.a) How to calculate WCT (VAT) payable in the works contract scenario, under composition scheme and non-composition schemeb) Benefits in Composition and in non-composition schemesc) What is the service tax amount i need to pay and how to calculate the same.d) Do i need to submit any forms before .....

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ich will create sea of doubts. Thanks. - Reply By KASTURI SETHI - The Reply = Sh. Srivatsan Krishnamachari Ji, Rightly advised by Sh.Ganeshan Kalyani, Sir. Concrete solution is possible only after going through the terms and conditions of the Contract executed. However, preliminary information can be provided.Point-wise reply is as under: a. VAT is not my area. b. In composite project, you are entitled for abatement @ 60% in respect of Original Works i.e. ST is to be paid on Service Portion @ 40 .....

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