Work Contract Service.

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ca.sanjeev kumar (Querist)
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28 May 2010 Under the work contract as per the latest notification No.23/2009 what will be taxable value for servic tax if the work contact value is Rs. 500000 lacs and supply of Plant & machinery is 300000 which is included in contact value. please let me know the ST of 4% on which value to be placed.

Madhukar N Hiregange

Madhukar N Hiregange (Expert)
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03 June 2010 Please examine the otpion of going for Not.12/2003.

Material supplied free of cost is includible if composition scheme is opted for. Disputes possible here if value excluded.