Paying VAT on 80% and Service Tax on 20% of Works Contract Value Complies with Rule 2A: CESTAT in Otis Elevator Case [Read Order]

CESTAT held that Otis Elevator’s method of paying VAT on 80% and service tax on 20% of the works contract value complies with Rule 2A and is legally valid
By Kavi Priya - On April 21, 2025 8:55 pm - 2 mins read
Otis Elevator - Works Contract Value - CESTAT in Otis Elevator Case - taxscan

The Mumbai Bench of the Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) ruled that Otis Elevator Company (India) Ltd.’s methodology of paying VAT on 80% of the works contract value and service tax on the remaining 20% complies with Rule 2A of the Service Tax (Determination of Value) Rules, 2006. Otis Elevator…

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