Service tax on material supplied by principle company
This query is : Resolved
Mahender Kumar
(Querist)
22 December 2015
Our company making some residential flats. All construction is to be done by Contractor (Pvt Ltd Co.) but Steel & Cement is supplied by us. Kya humko steel & cement ki cost per service tax pay karna hoga through contractor agar yes, to please send me notification etc.
CA R SEETHARAMAN
(Expert)
25 December 2015
Yes if you are availing 40% abatement. See Rule 2A of service tax (determination of value) Rule 2006.
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Mahender Kumar
(Querist)
09 January 2016
sir mujhe rule padhne se samajh nahi aaya
Mahender Kumar
(Querist)
09 January 2016
sir mujhe rule padhne se samajh nahi aaya
Mahender Kumar
(Querist)
09 January 2016
sir mujhe rule padhne se samajh nahi aaya
CA R SEETHARAMAN
(Expert)
09 January 2016
No service tax payable on materials calculate the service portion including profit and pay service tax.
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