https://www.taxtmi.com/forum/issue?id=4884 Under the works contract composition rules the taxable base includes the total contract value, explicitly embracing the value of materials freely supplied by the customer; therefore, when cement and steel are provided by the recipient, their value must be included in the works contract valuation and attract the receiver's liability under the reverse charge mechanism. Invoicing practice does not alter this obligation, and timing for payment and interest follows accrual and reverse charge payment rules with contract completion events determining deemed provision dates. en-us Thu, 01 Nov 2012 10:34:57 +0530 Thu, 23 Jan 2025 15:57:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4884 Under the works contract composition rules the taxable base includes the total contract value, explicitly embracing the value of materials freely supplied by the customer; therefore, when cement and steel are provided by the recipient, their value must be included in the works contract valuation and attract the receiver's liability under the reverse charge mechanism. Invoicing practice does not alter this obligation, and timing for payment and interest follows accrual and reverse charge payment rules with contract completion events determining deemed provision dates. Discussion-Forum Service Tax Thu, 01 Nov 2012 10:34:57 +0530 https://www.taxtmi.com/forum/issue?id=4884