chargebality
This query is : Resolved
15 February 2011
incase a company working on cost plus contract, it provides some services and also it replaces some parts of the article, and it will charge profit of 10% on material cost and labour cost , the question is service tax payable is on labour portion only or it also inclusive of profit on material cost also ?
15 February 2011
ON material local VAT/ CST would be charged and on services the servic etax wouldbe payable.[ on balacne of value]
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16 February 2011
Thank you sir.
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