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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.
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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