28 November 2015
Please clarify : Companies opting for Composite Scheme under service tax : Can they take inputs service tax paid to sub-contractors and other service providers ? What is the procedure for opting for schemes Companies opting for Composite Scheme under Works Contract : Can they take inputs tax paid on Materials etc ? What is the procedure for opting for schemes
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28 November 2015
They can take input service tax paid to sub contractors and other service providers under composite scheme. Opting for the scheme is filing ST 3 return based on option. They can't take input tax on materials.