https://www.taxtmi.com/forum/issue?id=4051 Allocation of indirect taxes for aluminium/steel contracting requires apportioning contract value between the goods/materials component (subject to State VAT/Work Contract Tax) and the service/works component (subject to Service Tax). Industry practice treats the larger share as state-taxable and the balance as centrally taxable; separate invoices for State and Central taxes are recommended. Taxable bases should reflect the constituent elements of the contract-materials, outsourced processing, labour, transport, overheads and profit-under applicable apportionment rules. en-us Wed, 18 Apr 2012 16:01:21 +0530 Thu, 23 Jan 2025 15:58:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4051 Allocation of indirect taxes for aluminium/steel contracting requires apportioning contract value between the goods/materials component (subject to State VAT/Work Contract Tax) and the service/works component (subject to Service Tax). Industry practice treats the larger share as state-taxable and the balance as centrally taxable; separate invoices for State and Central taxes are recommended. Taxable bases should reflect the constituent elements of the contract-materials, outsourced processing, labour, transport, overheads and profit-under applicable apportionment rules. Discussion-Forum Service Tax Wed, 18 Apr 2012 16:01:21 +0530 https://www.taxtmi.com/forum/issue?id=4051