https://www.taxtmi.com/article/detailed?id=1854 Service tax on works contract applies where transfer of property in goods leviable to sales tax is involved in activities like construction, repair or installation. Valuation under Rule 2A uses Option I (detailed computation isolating labour/service) or Option II (specified percentage rates where Option I cannot apply), with Option II restricted if VAT on materials has been paid on actuals. Reverse charge rules partially shift liability to recipients (not eligible for general exemption), and point of taxation for recipient-liability is the date of payment. en-us Tue, 14 Aug 2012 06:37:14 +0530 Tue, 14 Aug 2012 06:37:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1854 Service tax on works contract applies where transfer of property in goods leviable to sales tax is involved in activities like construction, repair or installation. Valuation under Rule 2A uses Option I (detailed computation isolating labour/service) or Option II (specified percentage rates where Option I cannot apply), with Option II restricted if VAT on materials has been paid on actuals. Reverse charge rules partially shift liability to recipients (not eligible for general exemption), and point of taxation for recipient-liability is the date of payment. Articles Service Tax Tue, 14 Aug 2012 06:37:14 +0530 https://www.taxtmi.com/article/detailed?id=1854