TMI Blogwork contract-constructionX X X X Extracts X X X X X X X X Extracts X X X X ..... work contract-construction X X X X Extracts X X X X X X X X Extracts X X X X ..... der company' is 4.944 % of gross value as per the new Rule 2A (ii). what is the advantage of it over the 'composition scheme'? In both the cases, material value is to be included and input credit of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he ST paid to the sub-contractor is available. please clarify me Reply By DEEPAK SHARMA: The Reply: the ST rate 4.944% is already for those assessee who is working under Composition Scheme without C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... envat Credit X X X X Extracts X X X X X X X X Extracts X X X X
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