https://www.taxtmi.com/article/detailed?id=2006 Rule 2A fixes the service portion of a works contract as the gross amount charged less the value of transfer of property in goods involved in execution. Gross amount comprises labour and service charges, subcontractor payments, design and planning fees, hire charges for machinery, consumables, establishment costs attributable to services, VAT or sales tax on transferred goods, and profit attributable to services. Where VAT or sales tax is paid on the actual value of goods transferred, that value is to be adopted. If the provider pays for recipient-supplied materials, gross amount increases accordingly. en-us Wed, 16 Jan 2013 16:46:40 +0530 Wed, 16 Jan 2013 16:46:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=2006 Rule 2A fixes the service portion of a works contract as the gross amount charged less the value of transfer of property in goods involved in execution. Gross amount comprises labour and service charges, subcontractor payments, design and planning fees, hire charges for machinery, consumables, establishment costs attributable to services, VAT or sales tax on transferred goods, and profit attributable to services. Where VAT or sales tax is paid on the actual value of goods transferred, that value is to be adopted. If the provider pays for recipient-supplied materials, gross amount increases accordingly. Articles Service Tax Wed, 16 Jan 2013 16:46:40 +0530 https://www.taxtmi.com/article/detailed?id=2006