Works contract

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 November 2014 sir, we are a pvt ltd co. and the service receiver. The service Provider has raised a bill on us mentioning the following details.

Final bill for Interior Designing & Decoration of your showroom covering
display showcases, counters, pillars, floorings, walls,offices, toilets, pantry, outside signage with ACP covering, staircase,glass doors, etc. including supply of vault door,lift, Blue Star make 17T ductable air-conditioners, CCTV
system, Sonodyne sound system, EPABX system, biometric attendance recording system, total electrical fittings & fixtures, etc. ........Rs..........
less advance recd....... Balance Rs.....
sir whether service tax for the above invoice is applicable on Service Receiver under Reverse scheme and if applicable at
what Rates .May we treat the entier expence as Repairs and Maint. a/c.or should we capitalised the said amount.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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21 November 2014 Service tax for the invoice is applicable at 40% being original work. 50% service tax is payable by you under reverse charge.
As most of the work are new work capitalize it.

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