A works contractor submits the following details relating to a works contract.
Compute the value of services rendered.
Particulars `
(a) Labour and service charges for the execution of the works 3,00,000
(b) Amounts paid to a sub-contractor for labour and services 30,000
(c) Charges for planning, designing and architect’s fees 30,000
(d) Charges for hiring machinery for the execution of works
Contracts 40,000
(e) Cost of consumables used in the execution of works contract 30,000
(f) Cost of establishment relatable to supply of labour and
services 2,20,000
(g) Profit earned by the services provider relatable to supply of
labour and services 50,000
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