Work Contract

[sukhvinder singh]

Respected All,

 

Please explain me what is work contract with suitable exemple. i am not understand supply of manpower for any purpose or service portion in execution of works contract by any individual, Hindu Undivided Family or partnership firm, whether registered or not, including association of persons, located in the taxable territory to a business entity registered as body corporate, located in the taxable territory;

Thanks

AI Summary

Supply of manpower as part of a works contract is taxable when provided to a corporate business within taxable territory.
Where an individual, Hindu Undivided Family, proprietor, partnership firm or association of persons located in the taxable territory supplies labour or manpower to a business entity registered as a body corporate also located in the taxable territory in execution of works, the receipts invoiced for that supply are taxable under the service tax regime.