https://www.taxtmi.com/forum/issue?id=110999 Classification of a contract as a works contract or as a maintenance/repair service determines the taxable service portion and valuation abatement to be applied. Works contracts-encompassing construction, installation, repair, maintenance and similar activities with transfer of property in goods-are subject to prescribed service portions for tax valuation, with original works treated differently from other works. Maintenance and repair services, including reconditioning, restoration and servicing of goods and software, fall under management/maintenance rules. Reverse charge applies in specified provider-receiver relationships, and invoices must reflect correct valuation and reverse charge treatment. en-us Tue, 04 Oct 2016 17:27:39 +0530 Thu, 23 Jan 2025 15:56:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110999 Classification of a contract as a works contract or as a maintenance/repair service determines the taxable service portion and valuation abatement to be applied. Works contracts-encompassing construction, installation, repair, maintenance and similar activities with transfer of property in goods-are subject to prescribed service portions for tax valuation, with original works treated differently from other works. Maintenance and repair services, including reconditioning, restoration and servicing of goods and software, fall under management/maintenance rules. Reverse charge applies in specified provider-receiver relationships, and invoices must reflect correct valuation and reverse charge treatment. Discussion-Forum Service Tax Tue, 04 Oct 2016 17:27:39 +0530 https://www.taxtmi.com/forum/issue?id=110999