As per notification no. 15/2004 related to service provided by a commercial concern, in relation to commercial or industrial construction service an abatement of 67% has been provided in case of composite contracts where the gross amount charged includes the value of material cost.
In a composite contract cement and steel are being provided by a person to service provider. Is such contract is elegible for the abatement of 67% ?
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service tax on industrial and construction service
Replies (2)
If the value of the steel & cement provided by the party is deducted from the contract value awarded to contractor, then it will be applicable.
Dear Rk As per notification no 1/2006 dated1-3-2006 srno 7(zzq) you are not able to take any kind of abitment which means you have to pay service tax @ 12% full on invoice value which even include material value
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