SERVICE TAX ON BOOK BINDING (JOB WORK)

[AMIT JAIN, Advocate]

Sir what is procedure of calculate service tax on book binding (job work)

AI Summary

Service Tax on Book Binding: Apply 4.8% Rate to Gross Contract Value for Written Agreements. A query was raised regarding the procedure for calculating service tax on book binding services. The response advised that if the contract for the job work is written, a service tax rate of 4.8% should be applied to the gross value of the contract. This method was suggested as the simplest way to determine the tax amount.