Comprehensive AMC for Machineries like Chillers etc.,
This query is : Resolved
Prakash Rao
(Querist)
09 March 2009
Dear Sir,
I need to understand the way of charging VAT as well as Service Tax on Comprehensive AMC contract, wherein the bifurcation of materials (used or to be used is unknown) and the services is not available.
Can anyone help me out in this regard?
I need to understand the way of charging VAT as well as Service Tax on Comprehensive AMC contract, wherein the bifurcation of materials (used or to be used is unknown) and the services is not available.
Can anyone help me out in this regard?
05 April 2009
Please refer to the WCT service tax provisions.
There are three options
1. to pay on the gross amount @4% plus Cess - No input credit
2. To seek abatement and pay on the balance amount of 35% @ 10% plus the cess
3. No abatement, full Input cenvat credit and pay service tax on the full amount @10% plus the cess
There are three options
1. to pay on the gross amount @4% plus Cess - No input credit
2. To seek abatement and pay on the balance amount of 35% @ 10% plus the cess
3. No abatement, full Input cenvat credit and pay service tax on the full amount @10% plus the cess
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