Repair & maintainence service

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SHWETA SADAKA

SHWETA SADAKA (Querist)
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19 February 2014 Is 60% of the works contract is chageable to service Tax after abatement value.

CA Ravi Kumar Murugesh

CA Ravi Kumar Murugesh (Expert)
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19 February 2014 Your question is not clear.
In case of works contract service, if there is no separate bifurcation available to arrive service portion, then you have to take 60 % of contract value (in case of movable contract) and after that apply reverse charge (50% by reciver and 50% by provider)

SHWETA SADAKA

SHWETA SADAKA (Querist)
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20 February 2014 In case of works contract under repair & maintainence service , do we need to file the return by taking specific rate 2.47% directly on the services provided OR there is need to first bifurcate the abatement value ,then 60% of the remaining value and then service tax @ 12.36% , which one is correct method for filing the return?
Please reply soon.

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