TMI BlogInclusion of value of material supplied to the contractor in value of taxable serviceX X X X Extracts X X X X X X X X Extracts X X X X ..... whether value of material supplied to the contractor during a construction contract is to be included in the value of taxable service? - Reply By Gopalarathnam Muralidharan - The Reply = Value of free ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... supply of materials are to be included in the value of taxable services - Reply By Rama Krishana - The Reply = There are various options available if your product is falling within the category of Wo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rks Contract (i) to avail the benefit of composition scheme, (ii) to opt for regular valuation scheme. If u opt for composition scheme you need to pay 4% on the total value of contract including the v ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... alue / cost of the material used into such project. In case u opt for regular valuation method, you can exclude the value of material and goods supplied / used in execution of such contract. Therefore ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , option is with you which method to be followed. - Reply By THIRUGNANAM KALIYAPERUMAL - The Reply = yes, there is a department notification for that also. - Reply By felix ka - The Reply = Thanks fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r the responses. The issue pertains to a period prior to 2007. - Inclusion of value of material supplied to the contractor in value of taxable service - Query Started By: - felix ka Dated:- 2-3-2010 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Service Tax - Got 4 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ndia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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