Service tax valuation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 July 2016
Dear Experts,
i have taken AMC contract but unable to bifurcate the materials and service charge however if it is 70% service charge and 30% materials. then pls let me know the relevant section/clause for the same,
Regard
Anmol
i have taken AMC contract but unable to bifurcate the materials and service charge however if it is 70% service charge and 30% materials. then pls let me know the relevant section/clause for the same,
Regard
Anmol
18 July 2016
It is Declared Service u/s 66E(h). In case you (service provider) are Individual / HUF / Partnershhip / LLP/ AOP located in taxable territory & Service Recipient is Business Entity registered as Body Corporate then you both have to pay 50% each. In case you are body corporate then you have to deposit 100% Service Tax.
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 July 2016
sir,
will ST be payable on 70% portion i.e 10.5%
will ST be payable on 70% portion i.e 10.5%
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