hi all
plz tell me, what is trunkey projects an its scope in service tax. is there any relevany judgement on trunkey project which give its brief ?
thx
3 Replies
NANDURI RAVI SURYA NARAYANA MU
(ACCOUNTANT)
(194 Points)
Replied 28 November 2007
We are engage nursery purpose labour it will fall under agri base, we made labour contract, shall it fall under taxable service
nageswararao
(Mgr - Commercial)
(142 Points)
Replied 30 November 2007
w.e.f 1st Jun'07 Turnkey projects taken under
Works Contract services, it is Taxable @ 2% on project value. Any VAT/Sales Tax portion is there we got it deduction. Education Cess is applicable as useual
B.V.K.Nageswara Rao ,Ph:099891 57666, Email: nageswararao.bommakatni @ ril.com
Jagrut Shah
(Chartered Accountant)
(80 Points)
Replied 05 December 2007
Dear,
I agree with nageswararao.
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