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Service tax on work contract
We have proving Street light with U G Cable in City Limit can have any abutment and Exemption
Replies (12)
yes, 60% abatement, if your service charges include the cost of material. but if you charge for material separately then no abatement
IF BILL IS RS. 100 . WITH MATERIAL & LABOUR . WHICH PERCENTAGE MATERIAL & LABOUR
either charge s.tax @ 5.8% on 100 or else charge s.tax @ 14.5% on ₹40. balance ₹60 is for material
Sir I want to how may percentage Material cost & labour .
material is taken 60% and labour 40%.
sir suposse My billing Amount with Material+ Labour Rs. 100000/- . how many material and s.tax amount related for construction contract (civil Eng) . Calculation Rate S.tax and Vat
if you give bill of 100000/- and do not mention there separately about material anf labour charges, then s.tax @ 14.5% will be charged on 40000/- and vat rate as applicable in your state will be charged on 60000/-
bt suppose if you mention that your bill of 100000/- includes material of 30000/- and labour 70000/-. then s.tax will be charged on 70000/- and vat is payable on 30000/-. in this case no abatement is abailable because bill clearly mentions the amount for material and labour separately.
But sir construction ( civil work ), if return file lumsum 8% percentage of gross receipts.
that type of work contractor lumsum which rate applicable sir.
if books are not maintained then min. 8% of gross receipts will be considered as profit.
Need clarification, in the same example of above, we have taken AMC for Rs.100000/- what should be Service tax amount?
@ tmvasu.. is any material cost included in your amc charges? if yes, then will you mention separately cost of material used while issuing invoice?
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