TaxTMI 
TaxTMI 
TaxTMI 
Inclusion of value of material supplied to the contractor in value of taxable service
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....nclusion of value of material supplied to the contractor in value of taxable service<br> Query (Issue) Started By: - felix ka Dated:- 2-3-2010 Last Reply Date:- 8-3-2010 Service Tax<br>Got 4 Replies<b....
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....r>Service Tax<br>whether value of material supplied to the contractor during a construction contract is to be included in the value of taxable service? Reply By Gopalarathnam Muralidharan: The Reply: ....
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....Value of free supply of materials are to be included in the value of taxable services Reply By Rama Krishana: The Reply: There are various options available if your product is falling within the categ....
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....ory of Works Contract (i) to avail the benefit of composition scheme, (ii) to opt for regular valuation scheme. If u opt for composition scheme you need to pay 4% on the total value of contract includ....
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....ing the value / cost of the material used into such project. In case u opt for regular valuation method, you can exclude the value of material and goods supplied / used in execution of such contract. ....
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....Therefore, option is with you which method to be followed. Reply By THIRUGNANAM KALIYAPERUMAL: The Reply: yes, there is a department notification for that also. Reply By felix ka: The Reply: Thanks f....
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....or the responses. The issue pertains to a period prior to 2007.<br> Discussion Forum - Knowledge Sharing ....