Works contract tax
Amar Phulwani
(Querist) 22 May 2012
This query is : Resolved
Dear Sir,
With reference to this amendment:
The issue is about Government taking up construction activity of dams, irrigation projects, buildings or infrastructure construction etc. through turnkey or EPC (Engineering Procurement & Construction) mode. The said service is covered under Section 65(105)(zzzza) of Finance act, 1994. The said section itself excludes works contract in respect of dams, tunnels, canals or irrigation projects, road, airports, railways, transport terminals & bridges executed through such turnkey or EPC mode. Hence works contract in respect of above works even if done through turnkey or EPC mode are exempt from payment service tax.
Sir in this regard, i will like to take ur expert advice, will installation service will be exempt under this section or not?
Thanks in advance
Suhail A.Siddiqui
(Expert) 22 May 2012
These are exempted by notification. In case you are installing on the basis of works contract with related to same notification then it is exempted
Shonee Kapoor
(Expert) 01 June 2012
Nothing more to add.
Regards,
Shonee Kapoor
harassed.by.498a@gmail.com
