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chargebality

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(Querist)
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 ?
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Madhukar N Hiregange

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Madhukar N Hiregange (Expert)
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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GIREESHA T L

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GIREESHA T L (Querist)
16 February 2011 Thank you sir.
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