Service Tax on Works Contract and Labour Contract
This query is : Resolved
19 January 2010
I have 3 queries:
1. What is the difference between works contract and labour contract?
2. Whether the service tax is charged on these two contract?
3. Whether section 194C of IT Act is applicable on these two contracts?
Please reply.
Thanking in advance
1. What is the difference between works contract and labour contract?
2. Whether the service tax is charged on these two contract?
3. Whether section 194C of IT Act is applicable on these two contracts?
Please reply.
Thanking in advance
19 January 2010
1 Works contract-it is a contract for service in which contractor give instruction to do work according to his requirement. It can be only for services or services with some material with specific work done on it also.
On the other hand in labour contract contractor got only labour work not supply of goods.
So works contract is a wide defination which comprises labour contract also.
2 Service Tax is charged on both
3 Sec 194C is applicable on it in both cases TDS will be deducted.
On the other hand in labour contract contractor got only labour work not supply of goods.
So works contract is a wide defination which comprises labour contract also.
2 Service Tax is charged on both
3 Sec 194C is applicable on it in both cases TDS will be deducted.
19 January 2010
Agree with above view
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