https://www.taxtmi.com/forum/issue?id=4993 Question whether a transaction qualifies as a works contract where the supplier charged only VAT and not service tax. If the service is not in the negative list, omission of service tax indicates evasion and the recipient must pay tax under the reverse charge mechanism on the service portion, computed on the contract value net of VAT. Calculation options include applying a composition formula on the total contract value or segregating service and goods values pursuant to Rule 2A to determine the taxable base. en-us Thu, 29 Nov 2012 13:39:37 +0530 Thu, 23 Jan 2025 15:57:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4993 Question whether a transaction qualifies as a works contract where the supplier charged only VAT and not service tax. If the service is not in the negative list, omission of service tax indicates evasion and the recipient must pay tax under the reverse charge mechanism on the service portion, computed on the contract value net of VAT. Calculation options include applying a composition formula on the total contract value or segregating service and goods values pursuant to Rule 2A to determine the taxable base. Discussion-Forum Service Tax Thu, 29 Nov 2012 13:39:37 +0530 https://www.taxtmi.com/forum/issue?id=4993