TaxTMI 
TaxTMI 
Works Contract
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....orks Contract<br> Query (Issue) Started By: - Samik Chaudhuri Dated:- 6-6-2016 Last Reply Date:- 6-6-2016 Service Tax<br>Got 2 Replies<br>Service Tax<br>Sir We are manufacturing co we wish to constr....
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....uct new building so we made an agreement with contractor who will construct the building with material which will be submitted by us. Contractor will raise the bill only for service potion. Now i want....
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.... to know whether service tax 15% will attract on service portion bill or 15% on 40% i.e. the service portion including the supplied material? I need your suggestion very sincerely. With thanks & rega....
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....rds Samik Chaudhuri. Reply By KASTURI SETHI: The Reply: Sh.Chaudhuri Ji, It is 15% of 40%. Notification No.24/12-ST) SBC and KKC to be shown separately in the bill. (ST 14% SBC 0.5% KKC 0.5%) RCM ....
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....under Notification No.30/12-ST is applicable.Service Provider and Service Receiver both are to share liability of ST to be paid by 50% : 50%. (Serial No.9 of Notification No.30/12-ST refers.). You are....
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.... a business entity. Reply By Ganeshan Kalyani: The Reply: ST is payablr @15% on 40% of Gross Amount (service value + value of material supplied by you to contractor ). 50% ST to be paid by you and b....
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....alance by contractor. Thanks.<br> Discussion Forum - Knowledge Sharing ....