Works contract services

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  1. Dip Patel

    Dip Patel New Member

    Dear All,

    If a person raises invoices material with labour charges then how we can book in our accounts?
    If i am not wrong he is coverered under works contract services and bifurgation of labour and material must be required and moreover RCM is also applicable on labour charge if contractor is individual.
    But if contractor has not taken service tax no then we are eligible for payment of ST on 50% proportion and we can take the cenvat credit for the same?

    Please reply...
     
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