Applicability of Service Tax under Composit Contract
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 June 2010
My Question is
I am a Builder and assign a composit contract to a contractor to construct a Building. But Steel and Cement is procured my me and given to Contractor free of Cost. Rest other material is procured by the contractor himself.
My question is whether the Service Tax @4.12% charged by the contractor is also liable to charge on the material free of cost supplied by me or not. If chargable then under which notification. If not under which notification. Please provide all documentry evidences.
Your Valuable input is highly appreciable.
Regards
I am a Builder and assign a composit contract to a contractor to construct a Building. But Steel and Cement is procured my me and given to Contractor free of Cost. Rest other material is procured by the contractor himself.
My question is whether the Service Tax @4.12% charged by the contractor is also liable to charge on the material free of cost supplied by me or not. If chargable then under which notification. If not under which notification. Please provide all documentry evidences.
Your Valuable input is highly appreciable.
Regards
11 June 2010
The notifications called for are 32/2007 dated 22/5/2007 read along with 23/2009 dated 7/7/2009. Consequently materials issued free of cost should be included in the value of taxable services by the contractor.
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
- TDS on Consultancy- Non DTAA
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- EPF FULL & FINAL RULES IN 2026
- Gift Received from nonblood relative
- Rental income gst and it purpose
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Experts need help
- Management System (IMS)
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
