Taxes and duties on work contract

You question not clear to me.

For Point No 1:- IN contract if any aditional expenses required to complete the work which has not been included in works contract value. Then Expenses will be added and after that S.T. will be calculate.

Point No.2:- Should be as per contract basis. If RCM is applicable then it will be 50% for service receiver and rest 50% for service provider.

Originally posted by : maharaj
	You question not clear to me. For Point No 1:- IN contract if any aditional expenses required to complete the work which has not been included in works contract value. Then Expenses will be added and after that S.T. will be calculate. Point No.2:- Should be as per contract basis. If RCM is applicable then it will be 50% for service receiver and rest 50% for service provider.

In connection

For Point no. 1- We have offered Single value to Customer  for entire activity inclusive of Material Cost and Machining part...Now while rasing Invoice we are bit confused mentioning that either we are supposed to charge ED on compleate value or there will be applicabilty of VAT/ ST as well.

For Point No. 2-  Agreed Applicabilty of ST with ratio of 50:50.