Dear Experts
One of my client gets supply of water for industrial use, my question is wether service tax is applicable on water tanks bill and at what amount the ST will be applicable. for example
One water Tank Cost is 2000
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178099 Points)
Replied 10 May 2017
"service portion (supply of water) is covered under Section 66 E (i) of the Finance Act.(Declared Services) How service portion is to be computed, it depends upon the nature of the agreement/contract executed between the Service Provider and Service Recipient." Mr. Kasturi Sethi:
https://www.taxmanagementindia.com/web/View_discussions_detail.asp?ID=109628&kw=service-tax-applicable-hiring-water-tanker-lorry-mounted-used-industry-purpose
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