Friends I Would Like To Know how to bill for a works contract by complying the provisions of service tax and income tax
I am In Composition Scheem.
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KINDLY ELABORATE THE THE TYPE OF SERVICE YOU PROVIDE
Thanks for Reply
We Take a contract for developing a layout we will develop the lay out like drainage work electric work and will hand over to the main contracor ...........
reverse charge mechanism is applicable here.you have to bill the customer with 50% service tax.
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