Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

new construction work

Service Tax - Started By: - vikram singh - Dated:- 25-2-2016 Last Replied Date:- 26-2-2016 - Dear Experts, Please guide which one is correct, there is two (below) scenario of under service tax 40% (taxable) & 60%(exempted) , In this case one comp .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

both methods, percentage of Service Portion is same. You have written 60% exempted. It is not exempted. It is abatement provided under Notification No.24/12-ST dated 6.6.12 as amended. Regarding VAT/Sale Tax, it is not my area. - Reply By vikram sin .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

cable on the remaining 60% portion but VAT/Sale Tax is not my field. There are experts in this forum who have specialization in VAT. They can confirm whether VAT is applicable on 60% portion. - Reply By Rajagopalan Ranganathan - The Reply = Sir, As p .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

n the execution of the said works contract. For the purposes of this clause,- (a) gross amount charged for the works contract shall not include value added tax or sales tax, as the case may be, paid or payable, if any, on transfer of property in good .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

gning and architect's fees; (iv) charges for obtaining on hire or otherwise, machinery and tools used for the execution of the works contract; (v) cost of consumables such as water, electricity, fuel used in the execution of the works contract; ( .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

es; Under clause (ii) of the said rule 2A where the value has not been determined under clause (i), the person liable to pay tax on the service portion involved in the execution of the works contract shall determine the service tax payable in the fol .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

f property transferred during the course of execution of the works contract. You are paying service tax under clause (ii) of Rule 2A of Service Tax (Determination of Value) Rules, 2006. As far as your query regarding sales Tax/ Vat issue I do not hav .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version