TaxTMI 
TaxTMI 
Sercice tax liability if some materials supplied by contractee
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....ercice tax liability if some materials supplied by contractee<br> Query (Issue) Started By: - Bhairob Chandra Bor Dated:- 29-4-2014 Last Reply Date:- 30-4-2014 Service Tax<br>Got 1 Reply<br>Service Ta....
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....x<br>Dear Sir, Kindly clarify whether the gross up is required to calculate the service tax if iron & steel rods purchased by contractee and used in the construction of a building? This iron & steel ....
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....rods costs are not included in the work contract given to contractor. Company will capitalize that iron & steel costs in the building. If gross up is required then will it be applied for the both the ....
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....contractor & contractee while calculating the service tax liability? kindly advice. Thanks & Regards, bcb Reply By Madhukar N Hiregange: The Reply: As long as the FOC material is not included in ....
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....the value of the WC awarded there may be no need to include that value [ rods etc supplied] under JC the value of the contract and no need to add FOC material. Refer Bayana Builders<br> Discussion Fo....
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