value of electricity free supplied by service receipient

[Harishanker Patel]

value of electricity free supplied by service receipient should be add or not while determing the value of works contract service under clause (i) of rule 2A of valuation rule as ammended by 24/2012.

AI Summary

Debate on Including Free Supplies in Works Contract Valuation Under Rule 2A, Clause (i) as Amended by Notification 24/2012. A discussion in a forum revolves around whether the value of electricity and other materials supplied for free by a service recipient should be included when determining the value of works contract services under clause (i) of rule 2A, as amended by notification 24/2012. One participant suggests using generally accepted accounting principles for valuation. Another participant confirms that such supplies should be included and refers to a specific section of the Taxation of Services guide for further clarification. The conversation seeks to clarify the inclusion criteria for materials in service tax calculations.