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Works contract (urgent)
Reverse charge under works contract if service provider is individual and receiver is a company please suggest whether it is 100%?
Replies (7)
RCM is 50%., when SP is individual and SR is corporate body.
Yes. Correct....
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 ?
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
continuation ... service tax only on 50% on 40% service portion.
there r diffrent kinds of Works Contract service & have diffrent kinds of abatment ratio. So that determine under which works Contract service is provided?
will decide based on nature of contact. basically works contract means material elements might be involved in all cases.
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