https://www.taxtmi.com/forum/issue?id=1648 Receipt of payment for taxable works-contract services creates an obligation to remit service tax even if no bill or invoice was raised. Valuation may follow either segregation-charging tax on the service portion excluding materials and VAT-or a composite lump-sum rate on the total contract value. Amounts collected as service tax are held for the government and must be paid over. Goods value and VAT on goods should not be taxed under service tax, though specific notifications may affect labour contractors. en-us Fri, 11 Dec 2009 03:34:48 +0530 Thu, 23 Jan 2025 15:58:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1648 Receipt of payment for taxable works-contract services creates an obligation to remit service tax even if no bill or invoice was raised. Valuation may follow either segregation-charging tax on the service portion excluding materials and VAT-or a composite lump-sum rate on the total contract value. Amounts collected as service tax are held for the government and must be paid over. Goods value and VAT on goods should not be taxed under service tax, though specific notifications may affect labour contractors. Discussion-Forum Service Tax Fri, 11 Dec 2009 03:34:48 +0530 https://www.taxtmi.com/forum/issue?id=1648