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TMI BlogWORKS CONTRACTX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear sir, We are Manufacturing of Chemical Product . Our new Unit construction continue ( New construction ) at our another land . There is a two party providing construction services ( One main another sub contractor ) : 1) ABC CONSULTING ENGINEERS - HAVING A CONSULTING ENGG SERVICE TAX REG NO.( Main ) 2) XYZ ENGINEERS CONTRACTORS - HAVING A CONSTRUCTION SERVICE REG NO. ( Sub cont ) Bot ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h are Propritoer firm . ABC Issue Invoice with atteched invoice details [ Invoice issued by XYZ ENGG with Service tax charges Rs.100 ( construction cost ) X 12.36 percent = Rs.12.36 - Service tax ] . Is it right way and right percentage of service tax as per above detials ? Please guide us . Thanks and regards, SNEHAL SHAH - Reply By A Wilson - The Reply = Dear Sir, I have some ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... clarification in your Query. Your Company Status - Partnership Firm or Private Ltd or Ltd other, please specify? Thanks Regards, A.Wilson - Reply By SNEHAL SHAH - The Reply = Sir, Private Limited firm . Thanks . SNEHAL SHAH - Reply By A Wilson - The Reply = Dear Sir, Invoice issued by the ABC Consulting Engineers with details submitted by the Sub Contractor is not a pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oblem. That Invoice can be accepted. But In the case of Work Contract Service, 50 percent of Service tax Liability(50 percent on 12.36 percent ) on Taxable Service should be discharged by your Company(Pvt Ltd) under Reverse Charge. Balance 50 percent may be collected by the ABC Consulting Engineers(Proprietorship) . You may refer the Reverse Charge Notification No. 30/2012-Service Tax dated ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 20.06.2012 effective from 1st July 2012 Thanks Regards A.Wilson - Reply By SNEHAL SHAH - The Reply = Dear sir, Exemple No. 1 : Contractory submit Bill : Basic Amount : Rs.100 Service tax : 6.18 ( 50 percent of Rs.12.36 ) Total Bill Amount Rs.116.18 Exemple No. 2 : Contractory submit Bill : Basic Amount : Rs.100 Service tax on 40 percent ( new construcit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on ) i.e. Rs.40 X 12.36 percent = 4.944 : 2.472 ( 50 percent of Rs.4.944 ) Total Bill Amount Rs.102.472 Which Exemple is right . Please give your expert advise . thanks and regards, SNEHAL SHAH - Reply By A Wilson - The Reply = Dear Sir, In the case of New Construction (and unable to segregate the Materials Labour Value), the taxable value of service is 40 percent of the Total Va ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lue. So your Example No.2 is correct. Thanks Regards A.Wilson - WORKS CONTRACT - Query Started By: - SNEHAL SHAH Dated:- 2-12-2013 Service Tax - Got 5 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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