Works contract
This query is : Resolved
24 October 2015
my assessee in newly formed private company with no manufacturing activity.he has given contract to a person for erection of new machine. the person has given both bill of labour and goods to the company.
what will be liabilty of comapny towards service tax?
what will be liabilty of comapny towards service tax?
24 October 2015
14% service tax payable on labour bill of the company.
In case of composite contract including materials 14% service tax payable on 40% value.
In case of composite contract including materials 14% service tax payable on 40% value.
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