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TMI BlogWorks Contract ServiceX X X X Extracts X X X X X X X X Extracts X X X X ..... Works Contract Service X X X X Extracts X X X X X X X X Extracts X X X X ..... efore please explain us whether he has rightly charged. Pls give us any references regarding this. Thanks & regards. Reply By ganeshan kalyani: The Reply: The service tax liability of service provider on works contract service is 50% and balance 50% is payable by receiver of the service. Let me explain, in case of original works contract service the service portion in value of contract is 40% a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd in case of other than original works is 70%. The service tax shall be calculated as - 40% of value of contract and on that 14% service tax and on 50% is payable by service provider and balance 50% by service receiver. Reply By SANDESH SHINDE: The Reply: Dear Sir, Thanks for your reply, but if the Service provider is not considering any 40% or 70% of works contract service. In case of AMC He ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is just charging 50% of 14% i.e 7% his Service Tax portion and balance 50% of 14% i.e 7% Service tax rate to be paid by us as service receipent.Therefore please explain us whether it is correct. He is not charging any Vat.Thanks & Regards Reply By vasudevan unnikrishnan: The Reply: For AMC tax on 70% of gross value need be paid.Even in case ,where service provider has not charged so,as service re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cipient, you can follow this valuation and 50% of that only to be paid under reverse charge.payment in cash,not by cenvat. Credit can be taken also. X X X X Extracts X X X X X X X X Extracts X X X X
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