https://www.taxtmi.com/forum/issue?id=110697 The central operative position is that taxable value in a works contract is often treated by applying a service component proportion to the total contract price (commonly 40%), with reverse charge application so part of the tax is payable by the service receiver; valuation should be examined under statutory valuation principles and applicable reverse charge notifications, while the inclusion of receiver supplied materials remains subject to higher adjudication. en-us Thu, 28 Jul 2016 12:52:39 +0530 Thu, 23 Jan 2025 15:56:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110697 The central operative position is that taxable value in a works contract is often treated by applying a service component proportion to the total contract price (commonly 40%), with reverse charge application so part of the tax is payable by the service receiver; valuation should be examined under statutory valuation principles and applicable reverse charge notifications, while the inclusion of receiver supplied materials remains subject to higher adjudication. Discussion-Forum Service Tax Thu, 28 Jul 2016 12:52:39 +0530 https://www.taxtmi.com/forum/issue?id=110697