Sercice tax liability if some materials supplied by contractee

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Sercice tax liability if some materials supplied by contractee
Query (Issue) Started By: - Bhairob Chandra Bor Dated:- 29-4-2014 Last Reply Date:- 30-4-2014 Service Tax
Got 1 Reply
Service T .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ax
Dear Sir, Kindly clarify whether the gross up is required to calculate the service tax if iron & steel rods purchased by contractee and used in the construction of a building? This iron & steel .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rods costs are not included in the work contract given to contractor. Company will capitalize that iron & steel costs in the building. If gross up is required then will it be applied for the both the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... contractor & contractee while calculating the service tax liability? kindly advice. Thanks & Regards, bcb Reply By Madhukar N Hiregange: The Reply: As long as the FOC material is not included in .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the value of the WC awarded there may be no need to include that value [ rods etc supplied] under JC the value of the contract and no need to add FOC material. Refer Bayana Builders
Discussion F .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... orum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X