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TMI BlogService Tax on Works ContractX X X X Extracts X X X X X X X X Extracts X X X X ..... Respected All, My query is that suppose if the service provider has only charged VAT in his bill and has not charged Sevice tax in the bill,the provider is a Individual and we are a company. Dose this trancation qulify for works contract?If it is a works contract than on what amount the service tax should be paid under reverse charge? the amount is Rs. 41 Lacs including Vat. - Reply By vasudevan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... unnikrishnan - The Reply = In the querry,the nature of service rendered /availed is not mentioned.Hope it is not mentioned in the negative list/mega exemption list. However, if the individual in his bill for 41 lakhs has not paid service tax,it is a straight case of evasion,unless the service given is in the negative list/mega exemption . The reverse charge will be applicable to you on the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... service.,tax on the amount less of VAT is to be paid at the appropriate portin/percentage. unnikrishnan.v. - Reply By Pradeep Khatri - The Reply = If the services come under reverse charge mechanism, then, othe ratio of liability will be 50-50. Service tax,obviously will be paid on the service portion amount. However, service tax can be calculated under composition scheme i.e. 4.8% on the t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... otal contract value or vivisected as per Rule 2A. - Service Tax on Works Contract - Query Started By: - SANJAY BAHETI Dated:- 29-11-2012 Service Tax - Got 2 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.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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