Hi All,
Can you suggest what is the way forward on application of taxes on comprehensive maintainance contracts where material and services are involved?
Thanks
Nadeem Hussain
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Tax implication on comprehensive amc agreements?
Replies (3)
service tax & tds teatment for Comrehensive AMC is like Works contract.
Yes I agree with Parihar.
This is works contract. Service portion of WC is liable to service tax. You can exclude value of materials if ascertainable. Else, value of service is 70% of total contract amount.
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