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Service Tax on Interior Works under Works Contract Service
04-Dec-2023 (In Tax Law)
Whether service tax is applicable on 40% or 70% of the gross amount charged for Interior work (Works Contract) in a New commercial building under Rule 2A (ii) of Service Tax (Determination of Value) Rules, 2006 Nature of Interior Work- False Ceiling, POP, Marble Work, Wall Paper & Wall Finish, Wooden Flooring, Sliding Door Partition, Other decorative works
Composition Scheme as per Rule 2A(ii) provides that
A Original works like new construction, erection, commissioning, installation 40% of total amount
B Maintenance, repair, reconditioning, servicing of GOODS 70% of total amount
C Other work contract (excluding A and B) including maintenance, repair, completion, finishing services of an immovable property 70% of total amount.
Therefore,service tax is applicable on on 70% of the gross amount charged for works contract.
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Adv. Siddhant Sharma
Delhi | 200+ Answers
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