https://www.taxtmi.com/article/detailed?id=354 Taxable value is the gross amount charged for services when consideration is monetary; for non-monetary consideration the provider must determine a money-equivalent based on gross charges for similar services or, if not possible, a money value not less than cost. Works contract service value equals contract gross amount less the value of transfer of property in goods (using VAT/sales-tax values where applicable) and includes labour, subcontract payments, design charges, hire of machinery, consumables, attributable establishment costs, and profit related to supply of labour and services. en-us Sat, 02 May 2009 00:00:00 +0530 Sat, 02 May 2009 18:15:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=354 Taxable value is the gross amount charged for services when consideration is monetary; for non-monetary consideration the provider must determine a money-equivalent based on gross charges for similar services or, if not possible, a money value not less than cost. Works contract service value equals contract gross amount less the value of transfer of property in goods (using VAT/sales-tax values where applicable) and includes labour, subcontract payments, design charges, hire of machinery, consumables, attributable establishment costs, and profit related to supply of labour and services. Articles Service Tax Sat, 02 May 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=354