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Works contract (urgent)

Naina (Student) (37 Points)

08 December 2016

Reverse charge under works contract if service provider is individual and receiver is a company please suggest whether it is 100%?

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7 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (195814 Points)
Replied 08 December 2016

RCM is 50%., when SP is individual and SR is corporate body.

MANESH WAGHMARE (Service) (92 Points)
Replied 08 December 2016

Yes. Correct....

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khaleel (student) (140 Points)
Replied 08 December 2016

Then what is the rate of service tax service provider should collect if he is a individual and service receiver is a a pvt ltd company ?

venkateswarlu. (CA Final ) (118 Points)
Replied 08 December 2016

n case of works contract, if materials and service portion is included and not able to segregate the material & service, in such a case, 60% is material and 40% is service portion. Receiver need to pay

venkateswarlu. (CA Final ) (118 Points)
Replied 08 December 2016

continuation ... service tax only on 50% on 40% service portion.

MANESH WAGHMARE (Service) (92 Points)
Replied 08 December 2016

there r diffrent kinds of Works Contract service & have diffrent kinds of abatment ratio. So that determine under which works Contract service is provided?