Budget 2012 – Service Tax Changes Related To Construction Industry

Accommodation Times Bureau

By CA Kakarla Manindar

New Definition for “Work Contract”

A new definition for the “Work Contract” has been introduced through Sec 65B (54) and is as follows:

“works contract” 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 contrat is for the purpose of carrying out construction, erection, commissioning, installation, completion, fitting out, improvement, repair, renovation, alteration of any building or structure on land or for carrying out any other similar activity or a part thereof in relation to any building or structure on land;





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2 thoughts on “Budget 2012 – Service Tax Changes Related To Construction Industry

  1. i m a govt. civil contractor. construct the hospitals , schools, hostels & EWS houses and  all kind of civil construction for department like PWD & UIT . kindly clarify the service tax applicable on which 

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