ILLUSTRATIVE CHART OF SERVICE TAX IN CASE OF SERVICE TAX PAYABLE BY BOTH ( SP + SR )

Contract Type

A
B
C
D
E
F
G
H
I
J
K

IN CASE OF WORKS CONTRACT

Original Works

SP
50%

Share of SP : SR

Repair & Related to

Moveable Assets

SR
50%

SP
50%

50

50

100

Contract Value
Value of Sharing of Taxable Value
Taxable Value
Service Tax Rate
Respective Service Tax Rate
MVAT Rate
MVAT Amount
Invoice Value of SP
ST Payable by SP
VAT payable by SP

50

Other Works
Contract

SR
50%

SP
50%

50

50

100

40%
12.36%
12.36%
2.472
2.472
5%
NA
5
107.472
2.472
5

SR
50%
100

70%
12.36%
12.36%
4.326
4.326
8%
NA
8
112.326
4.326
8

50

60%
12.36%
12.36%
3.708
3.708
8%
NA
8
111.708
3.708
8

If Service Is
Separated @ Full
Rate
SP
SR
50%
50%
100
50
50
100%
12.36%
12.36%
6.18
6.18
8%
NA
8
114.18
6.18
8

TAX IMPLICATION ON BODY CORPORATE AS A SERVICE RECEIPIENT

L
M
N
O

INCOME TAX TDS @ 1% OR 2% ON "I" ( Say 2%)

WCT TDS IF SP IS REGISTERED DEALER @ 2% on "B"
WCT TDS IF SP IS UNREGISTERED DEALER @ 5% in "B"
ST PAYABLE AS PER ABOVE "F"

2.14944
2
5
2.472

2.24652
2
5
4.326

2.23416
2
5
3.708

2.2836
2
5
6.18

Prepared BY CA Pankaj Jaiswal

pankaj@anpllp.com

ILLUSTRATIVE CHART OF SERVICE TAX IN CASE OF SERVICE TAX PAYABLE BY BOTH ( SP + SR )

IN CASE OF OTHER THAN WORKS CONTRACT
Manpower Supply

Contract Type

A
B
C
D
E
F
G
H
I
J
K

Share of SP : SR
Contract Value
Value of Sharing of Taxable Value
Taxable Value
Service Tax Rate
Respective Service Tax Rate
MVAT Rate
MVAT Amount ( Subject to Applicability )
Invoice Value of SP
ST Payable by SP
VAT payable by SP ( Subject to Applicability )

SP
25%

SR
75%

Hiring on Non Abated

Value
SP
60%

100

SR
40%
100

25

75
100%
12.36%
12.36%
3.09
9.27
NA
NA
NA
NA
103.09
3.09
NA
NA

60

40
100%
12.36%
12.36%
7.416
4.944
0%
0%
0
0
107.416
7.416
0
0

TAX IMPLICATION ON BODY CORPORATE AS A SERVICE RECEIPIENT

L
M
N
O

INCOME TAX TDS @ 1% OR 2% ON "I" ( Say 2%)

WCT TDS IF SP IS REGISTERED DEALER @ 2% on "B"
WCT TDS IF SP IS UNREGISTERED DEALER @ 5% in "B"
ST PAYABLE AS PER ABOVE "F"

2.0618
0
0
9.27

2.14832
0
0
4.944

Prepared BY CA Pankaj Jaiswal

pankaj@anpllp.com