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

CA AJAY KUMAR AGRAWAL

CA AJAY KUMAR AGRAWAL (Expert)
Follow

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%

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok