Service tax on sub contracts
This query is : Resolved
21 March 2015
Dear sir/Mam,
A builder enters into agreement with prospective buyers to construct residential apartments.. and gave the same work to sub contractor to construct the apartment
what is the tax implementation???
only main builder is liable for service tax or
only sub contractor is liable r
both of them r liable for service tax
please clarify my doubt
CA Raman Singla
(Expert)
22 March 2015
In this case, the sub contractors are to be treated as separate service providers and accordingly service tax is required to be paid both by the main contractor and the sub contractor. Further, the service tax paid by the sub contractor can be claimed as cenvat credit by the main service e provider.For further analysis and updations on Indirect taxation you can log in to our website www.indirecttaxprofessionals.com
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