https://www.taxtmi.com/forum/issue?id=108390 Rule 2A prescribes that the service portion in a works contract equals the gross amount charged less the value of property in goods transferred; where VAT or sales tax has been paid on goods, that value is to be adopted. The rule enumerates inclusions for works contract service value-labour, sub-contractor payments, design fees, machinery hire, consumables, establishment costs, similar expenses and profit relatable to labour and services-and provides statutory presumptions to compute the service portion where direct determination is not possible. en-us Wed, 08 Apr 2015 10:37:17 +0530 Thu, 23 Jan 2025 15:56:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108390 Rule 2A prescribes that the service portion in a works contract equals the gross amount charged less the value of property in goods transferred; where VAT or sales tax has been paid on goods, that value is to be adopted. The rule enumerates inclusions for works contract service value-labour, sub-contractor payments, design fees, machinery hire, consumables, establishment costs, similar expenses and profit relatable to labour and services-and provides statutory presumptions to compute the service portion where direct determination is not possible. Discussion-Forum Service Tax Wed, 08 Apr 2015 10:37:17 +0530 https://www.taxtmi.com/forum/issue?id=108390