Service tax liability in case of amc............

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Querist : Anonymous

Querist : Anonymous (Querist)

10 December 2013 Whether AMC Charges paid by company are liable to service tax under reverse charge mechanism?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

10 December 2013 The ans is no.

Querist : Anonymous

Querist : Anonymous (Querist)

10 December 2013 can u explain me why it is so?????????????

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

10 December 2013 cos its not notified by cbec as service under reverse charge mechanism.

Querist : Anonymous

Querist : Anonymous (Querist)

16 December 2013 under Works contract w.e.f. 01/07/2012.

Covered: Any contract involving the use of labour plus material on which VAT is leviable under any schedule of VAT Act on any material used in execution of works contract and such contract is for maintenance or repair or reconditioning or restoration or servicing of any goods e.g. AMC of movable items/office equipments. Service recipient’s liability is 50% and service provider’s liability is 50%

Pls read it and state me on what basis u are saying so?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

16 December 2013 You are wrongly co rerelating works contract with amc..in amc is your co providing works contract??????

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