SERVICE CHARGE REVERSE CHARGE MECHANISM FOR SUB CONTRACTS
WHAT IS THE EFFECTIVE RATE PAYABLE FOR SERVICE RECEIVER, IS THAT
TOTAL VALUE * 50%*14.5%?? CORRECT ME IF AM WRONG ??
Mayur Kashinpure
(Student)
(341 Points)
Replied 30 December 2015
Sub contract?
Are you talking about works contract?
Mayur Kashinpure
(Student)
(341 Points)
Replied 31 December 2015
Yes it would be Total Value*14.50%*50%.
VIHARI
(Articles)
(22 Points)
Replied 05 January 2016
I THINK VALUE OF WORKS CONTRACT INCLUDES MATERIALS & LABOURS
CALCULATION OF WORKS CONTRACT
TOTAL VALUE*40%*50%*SERVICETAX RATE
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