Dear Sir,
We are executing works contract following lines
A) all materials supplied by Principal contractor (party), we are doing installation, erection and commission
1) what is the service tax liability
2) can I opt composition scheme
3) if we want to Determine the transfer of property, how can I determine
The transfer of property because we are not maintain the record of purchase by Party
B) all materials supplied by Principal contractor (party), we are doing Fabrication only
1) is applicable service tax or Excise ? if yes, explain the detailed law
C) we have received a sub Contract for Dame Erection and commissioning, in this contract main material supplied by Party and some quantity of material is scope of ours. Exp. As follow:
Total Works contract value : 1,00,000
Our contract value : 25,000 out of 1,00,000
In the value 25,000 included material cost is 10,000
1) In the above view service tax vise under which category?
2) Can I opt composition?
thank you
balu
RESPECTED EXPERTS
I AM 33 YRS OLD, MARRIED & B.COM FROM DELHI UNIVERSITY. PRESENTLY I AM WORKING IN A PVT. LTD. CO. AS SR. EXECUTIVE (ACCOUNTS)
I WANT TO PURSUE IN ANY ONE OF ABOVE MENTIONED COURSE FOR FURTHER BOOST IN MY CARRIER. BUT DUE TO JOB I HAVE NOT MORE THAN 3 HRS A DAY FOR STUDIES.
SO I REQUEST YOU TO PLS SUGGEST ME WHICH COURSE IS MOST BENEFICAL TO ME.
THNAKING YOU IN ANTICIPATION.
REGARDS
RAJIV SHARMA
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