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.
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