St liability on work contract
This query is : Resolved
02 December 2014
We had issued Work Contract for building of one Factory Plant, for which Partial Material i.e. Cement and Steel was supplied by us i.e. by Company and hence Contractor has not charged same us in his contract bill and we have not paid Service Tax thereon.
Do we have to consider our supplied material i.e. Steel and Cement for ST value. If yes then only basic amount or do i have to add other indirect taxes charged thereon???
Do we have to consider our supplied material i.e. Steel and Cement for ST value. If yes then only basic amount or do i have to add other indirect taxes charged thereon???
02 December 2014
if you are corporate entity; you have to pay service tax under reverse charge mechanism as per notification no.30/2012.
you have to consider the value of labor bill only; since all the materials are supplied by you
you have to consider the value of labor bill only; since all the materials are supplied by you
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