A private limited company is constructing a private freight terminal (Rail linked ICD), is the company liable to pay service tax on work contract. please suggest me.
26 September 2013
Irrespective of the fact that contract is made or not, you are liable to pay for the service provided by you as it is not a part of negative service nor it is exempted service.
disclaimer- all answers are given as per the facts narrated by you. Answer may differ after study of full facts/statements/agreements etc. involved in the case
01 October 2013
The contractor should charge 12.36% service tax on 40% of the invoice value
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*Disclaimer- all answers are given as per the facts narrated by you. Answer may differ after study of full facts/statements/agreements etc. involved in the case.
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