TMI BlogConfusion in notification no. 30/2012 WCT-Reg.X X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Experts, As per service tax notification under reverse charge in respect of services provided or agreed to be provided in service portion in execution of works contract. The liability ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is define 50% for both service provide as well as receiver. I am little bit confuse in the end of notification in Explanation-II regarding work contract tax given below:- Explanation-II. - In w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... orks contract services, where both service provider and service recipient is the persons liable to pay tax, the service recipient has the option of choosing the valuation method as per choice, indepen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dent of valuation method adopted by the provider of service. The above explanation create dispute at the time of service tax audit if a service provide or receiver assess the value in lower side. Pl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ease clerify. Thanks - Reply By Vijay Chitte - The Reply = Legally he can use his own method for vauation, practically it is difficult and hence advisable to follow same method as followed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by service provider - unless u have strong view that they are not following correct method. - Confusion in notification no. 30/2012 WCT-Reg. - Query Started By: - RAM SHARMA Dated:- 14-6-2013 Servi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ce Tax - Got 1 Reply - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... m - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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