In Works Contract there are three types of works contract Original, Maintenance & Other works.
1. In case of original works contract (New Construction) service tax shall be payable on 40% of the total amt charged for the works contract.
2. In case of maintenance & repairs works contract (servicing of any goods) Service tax shall be payable on 70% of the total amt charged for the works contract.
3. In case of other works contract (Electrical & Fittings) Service tax shall be payable on 60% of the total amt charged for the works contract.
My Question: If a builder has simply constructed the structure, under which category will the same be? Note that Electrical and furniture fittings, interior designing etc. will be done by some other person. Will it be 'Original Works', 'Maintenance and Repair's or 'Other Works Contract'?
CAclubindia
