Repair & maintainence service
This query is : Resolved
19 February 2014
Is 60% of the works contract is chageable to service Tax after abatement value.
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)
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)
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?
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