Works contract
This query is : Resolved
13 May 2015
HI
I have started the work of repair in building, installation of tiles work etc. I have submitted the quotation by specifying total amount to be charged without specifying seperately the value of material supplied and labour charges. i have not signed any contract seperately. The amount is also very nominal like upto 50000.
I have not charged any service tax in quotation beacuse i am availing small service tax exemption.
My question is whether i am covered under works contract??
If yes whether reverse charge is applicable?
Whether i should raise invoice after charging service tax ??
If yes @ what rate?
Pl keep in mind that i am thinking of raising invoice for total amount rather than bifurcation of material used and labour used..
pl revert on urgent basis..
I have started the work of repair in building, installation of tiles work etc. I have submitted the quotation by specifying total amount to be charged without specifying seperately the value of material supplied and labour charges. i have not signed any contract seperately. The amount is also very nominal like upto 50000.
I have not charged any service tax in quotation beacuse i am availing small service tax exemption.
My question is whether i am covered under works contract??
If yes whether reverse charge is applicable?
Whether i should raise invoice after charging service tax ??
If yes @ what rate?
Pl keep in mind that i am thinking of raising invoice for total amount rather than bifurcation of material used and labour used..
pl revert on urgent basis..
14 May 2015
pl revert for the above query
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