Applicability of service tax
This query is : Open
12 July 2012
is service tax applicable on receiver of building and maintenance services after amendments of 01st july 2012.
12 July 2012
REVERSE CHARGE will be applicable in respect of services provided or agreed to be provided by way of supply of manpower for any purpose and even for maintenance service.
12 July 2012
If there is any legal notification than please forward it on my id
cavandanagoyal@gmail.com
cavandanagoyal@gmail.com
13 July 2012
Yes. It is applicable, see the following new rule (second rule) for paying service tax for maintenance works contract.
Where works contract is for… Value of the service portion shall be…
(A) execution of original works :- forty percent of the total amount
charged for the works contract
______________________________________________________________________
(B) maintenance or repair or reconditioning:- seventy per cent of the total amount
or restoration or servicing of charged.
any goods including such gross amount
______________________________________________________________________
(C) in case of other works contracts :- sixty percent of the total amount
not included in serial nos. (A) and (B) above, charged for the works contract
including contracts for maintenance, repair,
completion and finishing services such as
glazing, plastering, floor and wall tiling,
installation of electrical fittings.
Where works contract is for… Value of the service portion shall be…
(A) execution of original works :- forty percent of the total amount
charged for the works contract
______________________________________________________________________
(B) maintenance or repair or reconditioning:- seventy per cent of the total amount
or restoration or servicing of charged.
any goods including such gross amount
______________________________________________________________________
(C) in case of other works contracts :- sixty percent of the total amount
not included in serial nos. (A) and (B) above, charged for the works contract
including contracts for maintenance, repair,
completion and finishing services such as
glazing, plastering, floor and wall tiling,
installation of electrical fittings.
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14 July 2012
Relevant Notification is Notification No. 24/2012-ST, you can download form cbec.gov.in. this Notification is applicable when you receive maintenance services falling within the meaning of works contract definition services.
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