04 October 2013
If service portion can be determined from the computation GAC-value of goods transfered-vat=Service portion ,then use this computation Else,if service portion is not ascertainable then Gross amount charged for whole contact+FMV of goods supplied by service reciever excluding taxes-amount charged(if any) by the service reciever for supplying those goods Balance amount will be "total amount charged".
Now out of this amount take service portion as 40%/60%/70% for original works contract,completion & finishing work contract,mainteance & repair contracts of movable goods respectively
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