I have to submit a quotation for a big cooling tower system on LSTK basis. The tender documents term it as 'indivisible contract' but price is to be quoted separately for Materials (Supplies) and Services (erection cost). My question: Is ST lapplicable on total lump sum cost of work or just on the cost of services (i.e., erection price).
Please advise urgently. Thanks in advance.
clause (h) of sec 66E specifies service portion in execution of work contract as taxable service, thus, tax is leviable on the value of service portion of work contract and on the entire work contract.
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