Composite scheme
This query is : Resolved
17 February 2009
The company is into selling computers and giving them on rental. It also provides AMC on which it charges service tax. The company does not want to apply for composite scheme. Is it fine?? It taken input credit only to the extend of 20% of Output service tax
20 February 2009
The provision of 20% does not exist.
There is no composite scheme under AMC or Renting of tangible goods.
You have to seek nomal registration for both the categories separetly
There is no composite scheme under AMC or Renting of tangible goods.
You have to seek nomal registration for both the categories separetly
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