Rate applicability in composite scheme

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..... Rate applicability in composite scheme
Query (Issue) Started By: - Anup Kumar Grover Dated:- 11-7-2009 Last Reply Date:- 12-7-2009 Service Tax
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Service Tax
A company is engaged .....

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..... in the construction of residential building (consisting 4 flats), carried on as construction contract including materials, what is rate of tax in normal and under composition scheme, if possible pres .....

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..... cribe the required procedure Reply By Dinesh Gupta: The Reply: If you are talking about service tax, the rate of service tax is 10% in normal course if you opt for deduction of material value from th .....

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..... e gross amount. If your opt for composition scheme the rate of tax is 4%. For new contracts, to avail composition scheme you need to include the value of free material used in the civil work.
Disc .....

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..... ussion Forum - Knowledge Sharing .....

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