Rcm on work contract
This query is : Resolved
17 May 2017
If the Civil Contractor has given bill for Supply of material and Providing the service for construction work. whether the service bill can fall under work contract and whether they need we need to pay service tax under RCM basics if the provider is Individual and recipient is a corporate.
17 May 2017
Service bill will fall under works contract and service tax payable under RCM at 15% on 50% of such bill.
17 May 2017
Can u please describe more, when I have checked the definition of works contract. I understand it requires two steps
Any contract in which transfer of goods take place and
Services in relation to erroction fabrication etc.
When service providers gives two bills separately
One for material and an other for Labour
Where is the question of transfer of goods. Involved in service bill to charge rcm
Any contract in which transfer of goods take place and
Services in relation to erroction fabrication etc.
When service providers gives two bills separately
One for material and an other for Labour
Where is the question of transfer of goods. Involved in service bill to charge rcm
18 May 2017
You are doing construction work where material is involved and transfer of property happens it squarely falls under works contract.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Non-Compliance documents have not been submitted by the contractors debited
- Invertaded duty struture
- FCRA 6 E- Intimation
- GST Rate for Catering Services
- EXPORT COMMERCIAL INVOICE HSN CODE
- Same demand raised for original as well as rectification request return
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
