Sir
I would like to inform you that in case a work contract is placed by a LTD company on a partnership firm in which the material portion is stated to be 100/ and installation and commssioning portion as 10/ .
What will be the service tax which will be charged by a partnership firm and what will be the liability of the limited company
Best Regards
(Naresh Kothari
nareshkkothari @ gmail.com
If there is separate invoice for the value of material and services then service tax is payable only on service portion. In the cited example considering the reverse charge mechanism. Ltd. company will pay service tax on Rs.10 @ 6.18% and the partnership firm will pay on Rs.10 @ 6.18%.
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