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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 ..... Service Tax on Works Contract X X X X Extracts X X X X X X X X Extracts X X X X ..... t 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 c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ontract?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 unnikrishnan: The Reply: In the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rvice 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 service.,tax on the amount less of VAT ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 total contract value or vivisected as per Rule ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2A. X X X X Extracts X X X X X X X X Extracts X X X X
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