civil work contract

[Ram Babu singh]

How to calculate service tax and vat on work contract and what will be the rate of vat ?

AI Summary

Service tax valuation for works contracts affects taxable value; VAT depends on material value, abatement or composition.
Taxation of civil works contracts depends on valuation abatements for service tax-different abatements apply to original works and other works to determine taxable value-and on VAT treatment which may be on actual material value, an abated contract value, or under a composition scheme, with VAT rates and applicability varying by state.