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works contract

Service Tax - Started By: - Samik Chaudhuri - Dated:- 28-7-2016 Last Replied Date:- 17-9-2016 - Sir Our manufacturing co engaged contractor to construct the new building and inner road development etc. It is to be mentioned here that 90% material will be supplied by our company and rest 10% (Bricks & sand) will be supplied by the contractor. Now i would like to know whether service tax will be calculated on only service portion or the including the total material with service portion. Pleas .....

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N RCM 1500 1500LESS : COST OF MATERIAL FREE SUPPLIED BY SERVICE RECEIVER 40000BILL TO BE RAISED BY CONTRACTOR 11500 - Reply By Ganeshan Kalyani - The Reply = Sir, practical solution given by Sri Shivkumar Ji. There are several issues under litigation on the subject. If amount is substantial then one should go as per provision of Section 67 of the Finance Act 1994. Thanks. - Reply By Ganeshan Kalyani - The Reply = Sir, also see the rules applicable for reverse charge mechanism as per Notification .....

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