As per Notification No.30/2012, whether a Company registered under Companies Act 1956, being a service provider on works contract has to pay service tax @ 50% w.e.f.01-07-2012
Prasad
1 Replies
Prasad
(Sr. Manager)
(617 Points)
Replied 06 August 2012
service portion in execution of a works contract;
by any individual, Hindu Undivided Family or partnership firm, whether registered
or not, including association of persons, located in the taxable territory to a business
entity registered as a body corporate located in the taxable territory. Thus the nature
of the service and the status of both the service provider and service receiver are
important to determine the applicability of partial reverse charge provisions.
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