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Service Tax on Plant & Machinery

Service Tax - Started By: - RAJENDRA KHOMNE - Dated:- 1-3-2017 Last Replied Date:- 2-3-2017 - Sir,We have completed Spot Load Fixture Installation and Electric power Analysis work (Fabrication & Labour Charges Fabrication, Pipe Reilling work from contractor. We capitalized it to Plant & Machinery. Contractor charged Service Tax as underBill Amount - ₹ 1,59,298/-Service Tax 15% of 50% of 40% = 159298 X 15% = 23894.7 X 50% = 11947.35 X 40% = 4778.94Our Query is Is it come under RCM? .....

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e provided by specified service providers. If service are provided by a Ltd company or Pvt Limited Company then reverse charge would not be applicable. CENVAT credit would be available as per the provision mentioned in the CENVAT credit Rules, 2004. - Reply By Ganeshan Kalyani - The Reply = If the work includes material with service it amounts to works contract service. If it is pure service then reverse charge will not apply. So, as mentioned by Sri Kasturi Sir you need to see the agreement/ co .....

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