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Whether cost of material is also included in the value of taxable service?

April 26, 2017COST included material service taxable value

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Whether cost of material is also included in the value of taxable service?

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Ans:- The cost of goods and materials sold by the service provider to the recipient is excluded from the value of taxable service. This exemption would be available only in cases where the sale of such goods is evidenced and the sale value is quantified and shown separately in the invoice.