Reverse Charge- On work Contract

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..... Reverse Charge- On work Contract
Query (Issue) Started By: - Sanjeev Sharma Dated:- 13-7-2012 Last Reply Date:- 16-7-2012 Service Tax
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Service Tax
Under reverse charge mechani .....

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..... sm, 50% service tax is to be paid be contractee. As per Section 65B(54) "works contract" means a contract wherein transfer of property in goods involved in the execution of such contract is leviable .....

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..... to tax as sale of goods and such contract is for the purpose of carrying out construction, erection, commissioning, installation, completion, fitting out, repair, maintenance, renovation, alteration o .....

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..... f any movable or immovable property or for carrying out any other similar activity or a part thereof in relation to such property" In view of above whether contractee have to pay service tax under re .....

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..... verse charge mechanism on expenses like vehicle repair expenses , computer maintenance, plant & machinery repair , supply of food, printing of office stationery ext. Reply By CA Rachit Agarwal: The .....

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..... Reply: Contractee would be required to pay 50% of the service tax payable vide notification no15/2012 dated 17th March 2012.
Discussion Forum - Knowledge Sharing .....

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