Dear Friends ,
My Company is registered with Rajahmundry Commercial Tax Department under Works Contract .
( this registration was obtained in order to get C form for despatching heavy equipments from other states at a cocessional rate . )
Nature of Service : We provide our Assets to ONGCL on monthly hire basis . Ownership and possession of the Assets are with us all the time . We provide Labour and Power. ( this service is subject to Service Tax - under category supply of tangible goods for use service and we maintain all formalities like payment of Taxes and Submission of Return ST - 3 etc. )
My queries what are the formalities to be maintained under Works Contract .
specially where our service is not in any way subject to VAT act .
Kindly suggest .
Regards ,
DEBASHIS
CAclubindia
