Inclusion of value of material supplied to the contractor in value of taxable service

[felix ka]

whether value of material supplied to the contractor during a construction contract is to be included in the value of taxable service?

AI Summary

Inclusion of material value in taxable service: composition scheme treats supplied materials as taxable while regular valuation may exclude them.
Whether materials supplied to a contractor are included in the taxable service depends on the valuation option: the composition scheme treats the total contract value, including materials supplied, as taxable, whereas the regular valuation method permits exclusion of the value of materials and goods used in executing the contract.