What is taxable value under works contract with detail notification no.
1.Original works contract
2.Repairs & Maintanance works contract
3.Other works contract
4.If works contract includes value of land
Please Reply
Rupesh (Student CA IPC / IPCC) (89 Points)
07 December 2013What is taxable value under works contract with detail notification no.
1.Original works contract
2.Repairs & Maintanance works contract
3.Other works contract
4.If works contract includes value of land
Please Reply
GAUTAM SHARMA
(Audit Assistant)
(353 Points)
Replied 07 December 2013
Please Refer Service tax valuation rules. Rule 2A of STVR deals with works contract.refer 25/2012
However if value of land & Building is including , then it is a construction service. Please Refer 26/2012
CA SHRAVANA DOTA
(ACA)
(125 Points)
Replied 07 December 2013