Material received from building owner is liable for st?
This query is : Resolved
15 September 2014
My question is that is service tax liable on material received from building owner? i am a building contractor, i have used material with labour so m include in ambit of WCT but i have received some material from labour so this material is liable for ST or not?
15 September 2014
In terms of section 67 of the Finance Act, the value of FOC material supplied by the service recipient to the service provider cannot be included in the gross amount charged for the taxable services.
Larger Bench rules that cost of free-issue materials by the service recipient in the case of construction contracts is not required to be included in the value for purpose of service tax
Larger Bench rules that cost of free-issue materials by the service recipient in the case of construction contracts is not required to be included in the value for purpose of service tax
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