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Amc

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(Querist)
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 ?
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Arun Kumar Singh

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Arun Kumar Singh (Expert)
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.
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RENGARAJ R.K

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RENGARAJ R.K (Expert)
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%.
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