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
Menu
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.
Recent Topic
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
Related Topics
CAclubindia
