About constructionm contract services
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 October 2011
please anybody tell me about that whether construction contract service fall under composition scheme or not and whether there is any exemption availed under construction contract service
22 October 2011
Comes under 'works contract service' covered in section 65(105(zzzza). Composition scheme can be opted if so wish.
22 October 2011
If u opt for composition scheme,service tax rate is 2.575%. [ 75% abatement is available.] But as per this notification u will not get any cenvat credit of input services.
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