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
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
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.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
CAclubindia
