06 January 2012
This is regarding the composition scheme in Works Contract service. If one adopts for the composition scheme, then he is liable to pay service tax @ 4%. Howver my doubts are as follows:
1. He collects service tax from the customer @10% or @4% ?
16 January 2012
The service provider would be collecting Service tax at 4.12% (0.12% towards education cess and SHE cess). VAT is not exempt and should be paid as per the provisions of respective state VAT laws
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