Service tax on free issue material
This query is : Resolved
16 August 2011
In works contract, if we received free issue material from client, could it be service taxable?
for example:
Gross bill value 2000/-
Free issue material:
Cement 300/-
Steel 500/-
RMC 200/-
______
1000/-
we are in WCT i.e. 4.12% tax basis
Now the question is, we are calculation WCT on how much amount?
for example:
Gross bill value 2000/-
Free issue material:
Cement 300/-
Steel 500/-
RMC 200/-
______
1000/-
we are in WCT i.e. 4.12% tax basis
Now the question is, we are calculation WCT on how much amount?
16 August 2011
if the free issue materials are provided by client, then how you can issue bill for gross amount?
if you bill for 1000/- then ST payable without consolication or abatement .i.e 10.3% but if you bill for 2000 then 4.12% is payable on whole 2000/-
if you bill for 1000/- then ST payable without consolication or abatement .i.e 10.3% but if you bill for 2000 then 4.12% is payable on whole 2000/-
16 August 2011
Sir we are billing on labour part and we are availing in WCT i.e. 4.12%
There is a act on 2009 that all free issue material is under service taxable, and in that case Steel and cement is taxable but the my question is, the RMC is also be taxable??
There is a act on 2009 that all free issue material is under service taxable, and in that case Steel and cement is taxable but the my question is, the RMC is also be taxable??
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
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Regarding TDS Applicability For Director Remuneration
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- Value of property in capital gain
- Multiple trade mark
- Copyright software
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- RULE 86B APPLICABILITY IN QRMP TAX PAYER
- Regarding appeal to GSTAT
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
