Service Tax – Works Contract is one of the outcomes of this initiative. into the service tax net.The large number of changes in the law and Abatement Notification : Notification No. 26/2012 Dated 20.06.2012 12. Education Guide : Education Guide issued by CBEC on (a) gross amount charged for the works contract shall not include value added tax or sales tax, as the case may be, paid or payable, if any, on transfer of property in goods involved in the execution of the said works contract; (b) value of works contract service shall include, – (i) labour charges for execution of the works; Service portion in the execution of a work contract is subjected to provisions of partial Reverse Charge Mechanism in case such service has been provided by any individual, HUF or partnership firm, whether registered or not, including association of persons, located in the taxable territory to a business entity registered as body corporate located in taxable territory.

Service Tax Reverse Charge Notification No. 30/2012-ST Dated 20-6-2012 as amended by CBEC Notification No. 15/2017-ST dated 13-04-2017. Mega Exemptions Notification; Abatement in Service Tax; – In works contract services, where both service provider and service recipient is the persons liable to pay tax, the service recipient has the - In works contract services, where both service provider and service recipient is the persons liable to pay tax, the service recipient has the option of choosing the valuation method as per choice, independent of valuation method adopted by the provider of service. 2. This notification shall come into force on the 1 st day of July, 2012. Service Tax return for the period October ,2012 to March,2013 is required to be filed by 31.08.2013.(read Order 3/2013 service tax return due date extended) To file online return ,online utility has not be been started ,however offline Excel utility to prepare service tax return is available ,by which you can prepare the return offline and can upload the XML file at www.aces.gov.in.. For Works Contract Service- we take 60% abatement & 40% is taxable. & the services availed by GTA - we pay service tax on 25% of the invoice value. so while filing the service tax returns There is a column of Exemptions & its asking if availed any benefit of exemption notification.

Assessee is liable to pay service tax on this taxable service as,-. (Please tick notification under which such abatement is claimed. E1. Works contract. (zzzza ).

Page Contents. Changes made in Service Tax Abatement Provisions with effect from 01/04/2015; Service Tax Rate Abatement Chart as Applicable from 01.04.2015 updated with Changes Made Vide Budget 2015 and Notification No. 8/2015-ST, Dated: March 01, 2015. The Works contract includes construction of building as the definition of Works contract is as follows "means a contract wherein transfer of property in goods involved in the execution of such contract is leviable to tax as sale of goods and such contract is for the purpose of carrying out construction, erection, commissioning, installation Service Tax – Works Contract is one of the outcomes of this initiative. into the service tax net.The large number of changes in the law and Abatement Notification : Notification No. 26/2012 Dated 20.06.2012 12. Education Guide : Education Guide issued by CBEC on (a) gross amount charged for the works contract shall not include value added tax or sales tax, as the case may be, paid or payable, if any, on transfer of property in goods involved in the execution of the said works contract; (b) value of works contract service shall include, – (i) labour charges for execution of the works;

(a) gross amount charged for the works contract shall not include value added tax or sales tax, as the case may be, paid or payable, if any, on transfer of property in goods involved in the execution of the said works contract; (b) value of works contract service shall include, – (i) labour charges for execution of the works;

In following three conditions, How much service tax will pay by receipient? 1) If there is 60% abatement on works contrat that means service tax payable is 40%. 2)Service provider is not liable for service tax 3)As per Revers Charge Mechanism Works contract is payable 50% for Service Provider & 50% for receipient Page Contents. Changes made in Service Tax Abatement Provisions with effect from 01/04/2015; Service Tax Rate Abatement Chart as Applicable from 01.04.2015 updated with Changes Made Vide Budget 2015 and Notification No. 8/2015-ST, Dated: March 01, 2015. The Works contract includes construction of building as the definition of Works contract is as follows "means a contract wherein transfer of property in goods involved in the execution of such contract is leviable to tax as sale of goods and such contract is for the purpose of carrying out construction, erection, commissioning, installation Service Tax – Works Contract is one of the outcomes of this initiative. into the service tax net.The large number of changes in the law and Abatement Notification : Notification No. 26/2012 Dated 20.06.2012 12. Education Guide : Education Guide issued by CBEC on (a) gross amount charged for the works contract shall not include value added tax or sales tax, as the case may be, paid or payable, if any, on transfer of property in goods involved in the execution of the said works contract; (b) value of works contract service shall include, – (i) labour charges for execution of the works; Service portion in the execution of a work contract is subjected to provisions of partial Reverse Charge Mechanism in case such service has been provided by any individual, HUF or partnership firm, whether registered or not, including association of persons, located in the taxable territory to a business entity registered as body corporate located in taxable territory.

Notification No.24 talks abt - In case of works contracts entered into for execution of original works, service tax shall be payable on forty per cent. of the total amount charged for the works contract; Notification No.26 talks abt -

Notification No. 12/2017- Central Tax (Rate) to exempt services as recommended by GST Council in its 37th meeting held on 20.09.2019. 11/ 2017-CT(R) to reduce CGST rate on specified supplies of Works Contract Services, job work for  1 Jul 2010 Abatement scheme, under notification number 1/2006 dated March 1, 2006, says that the contractor is entitled to claim abatement to the extent  Assessee is liable to pay service tax on this taxable service as,-. (Please tick notification under which such abatement is claimed. E1. Works contract. (zzzza ).

26/2012- Service Tax New Delhi, the 20th June, 2012 GOVERNMENT OF and in supersession of notification number 13/2012- Service Tax, dated the for a. a contract carriage other providing the than motorcab. taxable service, b. a radio taxi. 12 Construction of a complex, (i) CENVAT credit building, civil structure or a 

The Works contract includes construction of building as the definition of Works contract is as follows "means a contract wherein transfer of property in goods involved in the execution of such contract is leviable to tax as sale of goods and such contract is for the purpose of carrying out construction, erection, commissioning, installation Service Tax – Works Contract is one of the outcomes of this initiative. into the service tax net.The large number of changes in the law and Abatement Notification : Notification No. 26/2012 Dated 20.06.2012 12. Education Guide : Education Guide issued by CBEC on (a) gross amount charged for the works contract shall not include value added tax or sales tax, as the case may be, paid or payable, if any, on transfer of property in goods involved in the execution of the said works contract; (b) value of works contract service shall include, – (i) labour charges for execution of the works;

relation to the said works contract, under the provisions of the CENVAT Credit. Rules, 2004. There is no restriction under Notification. No. 32/2007- Service Tax