banner_ad

Work contract

This query is : Resolved 
Profile Image

Profile Image

(Querist)
28 March 2013 PLS CLARIFY THE CONCEPT OF WORK CONTRACT FOR SERVICE TAX AND VAT?????


ITS URGENT
Profile Image

Sunil Mate

Profile Image

Sunil Mate (Expert)
28 March 2013 works contract is the contract, in which the contractor will be bill to us for material and labour (combined billing).

there are some of the contracts that we can identify the material portion and Labour Portion. in that case the vat is chargeble on material portion and Service tax is on labour portion.

if it is not possible to differentiate the material and labour on bill, then please refer the schedule in vat act in which the ratio of material and labour are provide.

As per amended Service tax rules, the service tax is chargeable on 50% of Bill amount (i.e. labour charges) in reversed charge mechanisum.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details