Amendment in Valuation Rule for service under works contract (Effective from 1st October, 2014)

Hitherto for works contract services relating to repairs, maintenance, reconditioning etc and for completion, finishing services etc abatement of 30% & 40% respectively was provided. The above differential treatment had let to various dispute considering overlapping services. Henceforth the above has been set right by providing 30% abatement in respect of all repairs, maintenance, reconditioning, and restoration /completion and finishing services.

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