Refereing to CBEC view in the issue when abatment in works-contract was introduced that 2% abated rate will be applicable to only that entity who has comenced its contract after respected date but not to continue contract.
My question is that refereing to abow CBEC wiew now as rate is changed to 4 % and contract commenced before that date than whether i can charge Service Tax at 2% abbated rate? Any more Idea regarding .....
Asked on 8/19/09, 9:41 am
1 Answer from Attorneys
Rohini Kumar Tenneti
R.K.1080 LEGAL SERVICES
You may charge 2% only till the notification comes into effect and theer after obviously it would be 4% irrespective of the commencement of the contract.
Answered on 8/19/09, 11:51 am
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