https://www.taxtmi.com/acts?id=2826 Rule 2A fixes the service portion of a works contract as the gross amount charged less the value of property in goods (or goods and land/undivided share of land where applicable), excluding VAT or sales tax on such goods; it enumerates service components (labour, subcontractor payments, design, hire of machinery, consumables, establishment costs, related expenses and profit) and, where primary valuation is not possible, prescribes fallback apportionment rules and definitions for original works and total amount, while disallowing CENVAT credit on inputs used in the works contract. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 13 Apr 2017 11:42:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2826 Rule 2A fixes the service portion of a works contract as the gross amount charged less the value of property in goods (or goods and land/undivided share of land where applicable), excluding VAT or sales tax on such goods; it enumerates service components (labour, subcontractor payments, design, hire of machinery, consumables, establishment costs, related expenses and profit) and, where primary valuation is not possible, prescribes fallback apportionment rules and definitions for original works and total amount, while disallowing CENVAT credit on inputs used in the works contract. Act-Rules Service Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2826