19 February 2014
Your question is not clear. In case of works contract service, if there is no separate bifurcation available to arrive service portion, then you have to take 60 % of contract value (in case of movable contract) and after that apply reverse charge (50% by reciver and 50% by provider)
20 February 2014
In case of works contract under repair & maintainence service , do we need to file the return by taking specific rate 2.47% directly on the services provided OR there is need to first bifurcate the abatement value ,then 60% of the remaining value and then service tax @ 12.36% , which one is correct method for filing the return? Please reply soon.
CAclubindia
