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Service tax

(Querist) 03 April 2008 This query is : Resolved 
My company is doing a work contract of RE wall in Gujarat. what is the liability of service tax and work contract tax. How it can be calculated.
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Rajesh Kumar (Expert) 04 April 2008
Work Contract service involves both- sle of property and rendering of service; and hence both sales tax and service tax is applicable.
Service provider may detremine the value of service by reducing the value of goods from the contract amount. A compounding scheme is also there, vide Notification 32/2007-ST dated 1.6.2007 wherein a person can pay a lump sum amount of 4% on the gross value charged as service tax.

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