Works contract
This query is : Resolved
03 February 2017
our company has received a works contract from a govt. organisation and value of service part is not defined. so as per rules 60% value will be liable to CST & 40% value will be liable to service tax.
My question is how to deal excise duty in case of works contract as the goods involved are excisable?
and we get input credit on material we supply in the scope of works contract?
My question is how to deal excise duty in case of works contract as the goods involved are excisable?
and we get input credit on material we supply in the scope of works contract?
13 February 2017
The excise duty will be depend upon the classification of goods but service tax will be exempted vide notification no. 25/2012-ST
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