https://www.taxtmi.com/forum/issue?id=110538 Service tax on a works contract is payable on the service portion obtained by deducting the value of property in goods transferred from the gross contract value; gross amount excludes any value added tax or sales tax. The service portion includes labour charges, subcontractor payments for services, planning and design fees, hire of machinery, consumables used in execution, attributable establishment costs, similar service-related expenses, and profit attributable to services. Exemptions for government contracts exist but may be subject to a contract-date condition. en-us Fri, 17 Jun 2016 17:51:51 +0530 Thu, 23 Jan 2025 15:56:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110538 Service tax on a works contract is payable on the service portion obtained by deducting the value of property in goods transferred from the gross contract value; gross amount excludes any value added tax or sales tax. The service portion includes labour charges, subcontractor payments for services, planning and design fees, hire of machinery, consumables used in execution, attributable establishment costs, similar service-related expenses, and profit attributable to services. Exemptions for government contracts exist but may be subject to a contract-date condition. Discussion-Forum Service Tax Fri, 17 Jun 2016 17:51:51 +0530 https://www.taxtmi.com/forum/issue?id=110538