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Works contract service

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This query is : Resolved

anil lamboria (Querist)

11 April 2016 Query is as under;

ABC is having 2 Different works Contract in one financial year.
1. In contract No. 1 he is able to identify the value of materials and Value of service separately so he applied Rule 2A(1) for determining the value of taxable service.
2. In the Contract No. 2 he is not able to Identify the Value of Service and Materials separately so he wants to apply Rule 2A(2).

Now the Query is;
1. weather there is any restriction that same person can not use different - different rule for the same financial year?
2. weather ABC can use Rule 2A(1) for Contarct 1 and Rule 2A(2) for Contract 2?

Shilpi

Shilpi (Expert)

11 April 2016 The valuation that is given in Rule 2A is given based on a works contract and not period based. Hence different methods of valuation can be used for different WC even in the same year

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