MANMEET KAUR (ACCOUNTANT) (71 Points)
10 March 2013An Electricity Company has given a Contract for Shifting of Meters outside consumer permises of 2 Villages to an Electrical Contractor. 100% material is supplied by Electricity Co. & Contractor has employed its labour to complete the work.The Contract was completed before 01/07/2012 but bill was raised in sept,2012,now my question is
i)is it contract for supply of manpower?
ii)is reverse charge applicable ?
TKKKKKK
(PRACTICING CA)
(3268 Points)
Replied 10 March 2013
according to me it is work contract service.reverse charge mechanism is applicable to it.
50% s.t is payable by service provider
50% s.t is payable by service receiver.
still i am not sure.you can ask expert.
SUDAGAR.C
(Prop)
(119 Points)
Replied 10 March 2013
CAclubindia
