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of <h1>Understanding Rule 2A: Calculating Service Tax on Works Contracts with Deductions for Goods and Land Transfers</h1> Rule 2A of the Service Tax (Determination of Value) Rules, 2006, outlines the method for determining the value of the service portion in a works contract. The value is calculated by subtracting the value of goods and land transferred from the gross amount charged. The rule specifies that the value of the works contract service includes costs like labor, subcontractor fees, planning, and consumables. If VAT or sales tax is paid on goods, that value is used for service portion determination. For original works, service tax is on 40% of the total amount, while other contracts have varying percentages based on specific conditions.
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