Friends I Would Like To Know how to bill for a works contract by complying the provisions of service tax and income tax
I am In Composition Scheem.
3 Replies
Asif Khan
(Taxation executive)
(410 Points)
Replied 15 March 2013
KINDLY ELABORATE THE THE TYPE OF SERVICE YOU PROVIDE
roopanand
(no)
(178 Points)
Replied 15 March 2013
Thanks for Reply
We Take a contract for developing a layout we will develop the lay out like drainage work electric work and will hand over to the main contracor ...........
TKKKKKK
(PRACTICING CA)
(3268 Points)
Replied 16 March 2013
reverse charge mechanism is applicable here.you have to bill the customer with 50% service tax.
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