Supply of Shuttering material on rent is covered under which category of Service Tax?
Shuttering Material includes structure for construction of building.
Sumiti Jain (FP) (1364 Points)
16 February 2012
ramesh
(Sr.Executive Accounts)
(92 Points)
Replied 16 February 2012
This will come under the scope of "Services in execution of works contract".
‘Works contract’ means a contract for carrying out any work which includes assembling, construction, building, altering, manufacturing, processing, fabricating, erection, installation, fitting out, improvement, repair or commissioning of any movable or immovable property. Supply of material on rent is more or less deemed sale.
if full possession and control is given to hirer. In such case, sales tax (Vat) is payable. If complete possession and control is not handed over, service tax would be payable.
Anyway, kindly do cross verification.
Thanks
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