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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 company charge service tax on 40% @14.5% (supply and apply include) In this case another company charge service tax on 40% @14.5% and Sale tax on 60% @5% (supply and apply include)RegardVikram - Reply By KASTURI SETHI - The Reply = Sh.Vikram Singh Ji, In .....

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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 per rule 2A (i) of Service Tax (Determination of Value) Rules, 2006, value of service portion in the execution of a works contract shall be equivalent to the gross amount charged for the works contract less the value of property in goods transferred i .....

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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; (vi) cost of establishment of the contractor relatable to supply of labour and services; (vii) other similar expenses relatable to supply of labour and services; and (viii) profit earned by the service provider relatable to supply of labour and servic .....

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