TaxTMI 
TaxTMI 
Quantum of duty on goods
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....uantum of duty on goods<br> Query (Issue) Started By: - THYAGARAJAN KALYANASUNDARAM Dated:- 20-9-2015 Last Reply Date:- 22-9-2015 Central Excise<br>Got 2 Replies<br>Central Excise<br>"A", a manufactur....
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....er and a registered assessee under central excise, provides the manufactured good to "B" along with erection and commissioning of the said good. B issues a Purchase order as composite contract i.e. su....
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....pply as well as erection to A for this. Now, A is not able to bifurcate the Value provided in the purchase order toward goods and services, where value of service and goods cannot be independently ide....
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....ntified .How valuation should be done in this case to pay excise duty and service tax? Reply By YAGAY AND SUN: The Reply: Dear THYAGARAJAN KALYANASUNDARAM Under Rule 2A, it can be vivisected or you....
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.... have to option to pay the service tax @ 14% on the 40% of the Gross Value of such agreement/Contract/MOUs under Works Contract Services. Regards, YAGAY and SUN (Management, Business & Indirect Tax....
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.... Consultants) Reply By ganeshan kalyani: The Reply: I agree with Yayay and sun. This is original work and therefore 40% of the value of contact is a taxable service and service tax to be paid@14%. Ca....
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....re should be taken whether the provider of service is individual, HUF, Firm, AOP, BOI then reverse charge will be applicable.<br> Discussion Forum - Knowledge Sharing ....