https://www.taxtmi.com/forum/issue?id=4919 Notification No. 24/2012 prescribes two methods to determine the service portion of a works contract: (1) gross contract value less value of goods transferred, with enumerated components includible in the service portion; or (2) a presumptive valuation of the total contract value for categories such as original works, maintenance/repair and other works, with definitions for "total amount" and "original works". Notification No. 30/2012 applies a reverse charge mechanism requiring specified apportionment of service tax between certain unincorporated suppliers and corporate recipients when such services are supplied to a body corporate. en-us Wed, 07 Nov 2012 21:05:34 +0530 Thu, 23 Jan 2025 15:57:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4919 Notification No. 24/2012 prescribes two methods to determine the service portion of a works contract: (1) gross contract value less value of goods transferred, with enumerated components includible in the service portion; or (2) a presumptive valuation of the total contract value for categories such as original works, maintenance/repair and other works, with definitions for "total amount" and "original works". Notification No. 30/2012 applies a reverse charge mechanism requiring specified apportionment of service tax between certain unincorporated suppliers and corporate recipients when such services are supplied to a body corporate. Discussion-Forum Service Tax Wed, 07 Nov 2012 21:05:34 +0530 https://www.taxtmi.com/forum/issue?id=4919