Quantum of duty on goods

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..... A , a manufacturer and a registered assessee under central excise, provides the manufactured good to B along with erection and commissioning of the said good. B issues a Purchase order as composite contract i.e. supply as well as erection to A for this. Now, A is not able to bifurcate the Value provided in the purchase order toward goods and services, where value of service and goods cannot be .....

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..... independently identified .How valuation should be done in this case to pay excise duty and service tax? - Reply By YAGAY AND SUN - The Reply = Dear THYAGARAJAN KALYANASUNDARAM Under Rule 2A , it can be vivisected or you have to option to pay the service tax @ 14% on the 40% of the Gross Value of such agreement/Contract/MOUs under Works Contract Services. Regards, YAGAY and .....

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..... SUN (Management, Business Indirect Tax Consultants) - Reply By ganeshan kalyani - The Reply = I agree with Yayay and sun. This is original work and therefore 40% of the value of contact is a taxable service and service tax to be paid@14%. Care should be taken whether the provider of service is individual, HUF, Firm, AOP, BOI then reverse charge will be applicable. - Quantum of duty o .....

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..... n goods - Query Started By: - THYAGARAJAN KALYANASUNDARAM Dated:- 20-9-2015 Central Excise - Got 2 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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