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Service tax under reverse charge on works contract service

Service Tax - By: - ganeshan kalyani - Dated:- 10-9-2015 Last Replied Date:- 12-12-2015 - The works contract service is a taxable service which is defined under clause zzzza of section 65(105) of the Finance Act, 1994, as any service provided or to b .....

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transfer of property in goods involved in the execution of works contract is leviable to tax as sale of goods and the service portion in the execution of works contract is liable to service tax. Thus, the consideration for works contract service sha .....

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ce Tax (Determination of Value) Rules, 2006 as - the service portion involved in the execution of Original works is 40% of the total works contract and the service portion involved in the execution of works contract other than original works is 70% o .....

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service. That is fifty percent of the service tax liability shall be paid by the contractor and the balance 50% shall be paid by the recipient of the service. In short, the service tax shall be paid at 14% (prevailing rate) on 40% or 70% of the total .....

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ion of works contract. In such case the contractor only carries out service of execution of works contract. It implies that the invoice raised by the provider of service shall include only the labour/service portion. In such case complication arises .....

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ion rule, the value of free of cost material shall also be added to the total works contract service to calculate service tax. The said provision is hardship on the recipient of service and provider of service. The above article is authored by Ganesh .....

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