service tax on residential properties

rao (Querist) 02 February 2010 This query is : Resolved
what is the amount of service tax to be paid in case of construction work given to a contractor

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soumitra basu (Expert) 03 February 2010
The Contractor will charge you 10% on the service portion of the bill. No service tax will be charged on the portion of value of the goods transfered, which is vatable. The Contractor may charge yoy 4% on the Gross Bill if he is under the composite scheme.

Vineet (Expert) 03 February 2010
Agree with Mr Basu. Only to add that cess of 3% is also leviable on the amount of tax. So effectively it becomes 10.3% or 4.12% as the case may be.

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