TMI BlogWorks ContractX X X X Extracts X X X X X X X X Extracts X X X X ..... Sir We are manufacturing co we wish to construct new building so we made an agreement with contractor who will construct the building with material which will be submitted by us. Contractor will ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... raise the bill only for service potion. Now i want to know whether service tax 15% will attract on service portion bill or 15% on 40% i.e. the service portion including the supplied material? I need ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... your suggestion very sincerely. With thanks regards Samik Chaudhuri. - Reply By KASTURI SETHI - The Reply = Sh.Chaudhuri Ji, It is 15% of 40%. Notification No.24/12-ST) SBC and KKC to be s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hown separately in the bill. (ST 14% SBC 0.5% KKC 0.5%) RCM under Notification No.30/12-ST is applicable.Service Provider and Service Receiver both are to share liability of ST to be paid by 50% : 5 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0%. (Serial No.9 of Notification No.30/12-ST refers.). You are a business entity. - Reply By Ganeshan Kalyani - The Reply = ST is payablr @15% on 40% of Gross Amount (service value + value of mat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erial supplied by you to contractor ). 50% ST to be paid by you and balance by contractor. Thanks. - Works Contract - Query Started By: - Samik Chaudhuri Dated:- 6-6-2016 Service Tax - Got 2 Replie ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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