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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 be provided to any person, by any other person in relation to the execution of a works contract, excluding works contract in respect of roads, airports, railways, transport terminals, bridges, tunnels and dams . Works contract means a contract wherein .....

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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% of the total works contract. The works contract service is covered under the reverse charge notification no. 30/2012. The liability of service tax under said service shall be paid equally by the contractor/provider of service and the recipient of the .....

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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 as to whether the value of free of cost material should be added to the total works contract for charging service tax as per the provision laid down in the Service Tax (Determination of Value) Rules, 2006. On carefully reading the provision of valuat .....

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