Amc
This query is : Resolved
21 September 2013
In case of Annual Maintaince Contract who will pay the service tax @ what percentage % & service receiver is mfg company is liable to receive cenvat credit benefit ?
In case of Annual Maintaince Contract who will pay the service tax @ what percentage % & service receiver is mfg company is liable to receive cenvat credit benefit ?
21 September 2013
Contractor will pay service tax on the value of 50% and recipient will pay on the value of 50% then recipient will take cenvat credit.
21 September 2013
AMC is now covered under works contract service, as it involves material and labour. In case of works contract entered into for maintenance or repair or reconditioning or restoration or servicing of any goods, service tax shall be payable on seventy percent. of the total amount charged for the works contract.
So, out of the 70% of the taxable turnover, if it is provided to a company, as recipient 50% is payable under reverse charge. Provider will pay 50% of 70%.
So, out of the 70% of the taxable turnover, if it is provided to a company, as recipient 50% is payable under reverse charge. Provider will pay 50% of 70%.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- TDS on property - Form 141 query
- ASMT-10 received from A O
- NRI INSURANCE ADVISOR
- Reporting in TDS return
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
