Contact us   Feedback   Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

Difference between Repair & Maintenance & works contract

Service Tax - Started By: - kutub sheikh - Dated:- 4-10-2016 Last Replied Date:- 5-10-2016 - Dear SirPls explain the difference between works contract & Repair & Maintenance works with example & rate of S TaxThanks - Reply By Ganeshan Kalyani - The Reply = Sec. 65B (54) works contract means a contract wherein transfer of property in goods involved in the execution of such contract is leviable to tax as sale of goods and such contract is for the purpose of carrying out construction, e .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

tal amount charged for the works contract; 2[(B) in case of works contract, not covered under sub-clause (A), including works contract entered into for,- (i) maintenance or repair or reconditioning or restoration or servicing of any goods; or (ii) maintenance or repair or completion and finishing services such as glazing or plastering or floor and wall tiling or installation of electrical fittings of immovable property,service tax shall be payable on seventy per cent. of the total amount charged .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

or (c) maintenance or repair including reconditioning or restoration, or servicing of any goods, excluding a motor vehicle;] D3[Explanation.- For the removal of doubts, it is hereby declared that for the purposes of this clause,- (a) goods includes computer software; (b) properties includes information technology software;] - Reply By Ganeshan Kalyani - The Reply = Rate of service tax is as below:Service tax - 14%Swach Bharat Cess - 0.50%Krishi Kalyan Cess - 0.50% - Reply By YAGAY AND SUN - The .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| 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