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Service Tax - Started By: - Pradeep Kumar - Dated:- 13-10-2016 Last Replied Date:- 15-10-2016 - What is means, is it the gross value of service rendered or value after abatement?Experts opinion is requested - Reply By Mahir S - The Reply = The value of means, the gross amount received by the service provider for the provided or to be provided by him. - Reply By Mahir S - The Reply = Q) What is meant by value of ? A) (I) Normally, the value of means, the gross amount received by the service provi .....

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e is not deducted in terms of Notification No. 12/2003-ST, dated 20.6.2003. (III) There is also a composition scheme for works contract service , where the person liable to pay service tax in relation to works contract service shall have the option to discharge his service tax liability on the works contract service provided or to be provided, instead of paying service tax at the rate specified in section 66 of the Act, by paying an amount equivalent to 4% of the gross amount charged for the wor .....

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unless it is exempted by way of Notification and listed is negative list of services. - Reply By Pradeep Kumar - The Reply = Thanks experts. If we need to pay interest on delayed payment of service tax, what would be the percentage? Is it 18 or 15?? Please advice - Reply By Ganeshan Kalyani - The Reply = As per Notification No 13/2016 dated 01.03.2016, the rate of interest is as below: Serial Number Situation Rate of simple interest (1) (2) (3) 1. Collection of any amount as service tax but fail .....

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