service tax
This query is : Resolved
27 November 2008
i have taken service tax registration under work contract services currently i am paying service tax under composition scheme @ 4.12% however one of my client issue order to me @ full service tax rate & he will be paying me full service tax @ 12.36% extra & taking input credit of the same. do i need to take modification in my service tax registration certificates for the single work & can continue to pay service tax @ 4.12% under composition scheme or other works
27 November 2008
Levy 4.12% and pay 4.12%.
27 November 2008
have taken service tax registration under work contract services currently i pay service tax under composition scheme i e 4% if i pay st @ 12.36% against one work & remaining work under composition scheme if it is possible
27 November 2008
Not possible.
27 November 2008
it is not possible to pay tax under both schemes.
28 November 2008
have taken service tax registration under work contract services currently i am paying service tax under composition scheme @ 4.12% however one of my client issue order to me @ full service tax rate & he will be paying me full service tax @ 12.36% extra & taking input credit of the same. do i need to take modification in my service tax registration certificates for the single work & can continue to pay service tax @ 4.12% under composition scheme or other works
28 November 2008
have taken service tax registration under work contract services currently i am paying service tax under composition scheme @ 4.12% however one of my client issue order to me @ full service tax rate & he will be paying me full service tax @ 12.36% extra & taking input credit of the same. do i need to take modification in my service tax registration certificates for the single work & can continue to pay service tax @ 4.12% under composition scheme or other works
08 December 2008
In my view, it is possible because it is applicable for one work contract.
Composition Scheme:
Works contract (Composition Scheme for Payment of Service Tax) Rules 2007 has been
notified vide notification 32/2007 ST dated 22.05.2007 by the Central Government for the
purpose of specifying the scheme for composition. The person executing works contract has the option to pay tax under the composition scheme at the rate of 4% w.e.f 1st March 2008 (Earlier- 2%) on the gross amount charged for the works contract. Gross amount shall not include the VAT/ CST or sales tax paid on the goods transferred during the execution of such works contract. The option is to be exercised prior to payment of service tax in respect of the said works contract and once exercised, shall be in force till the completion of the works contract. It may be noted that the composition scheme is optional for assessee.
There is no need to change in ST reg. No. but do communicate with the department
Composition Scheme:
Works contract (Composition Scheme for Payment of Service Tax) Rules 2007 has been
notified vide notification 32/2007 ST dated 22.05.2007 by the Central Government for the
purpose of specifying the scheme for composition. The person executing works contract has the option to pay tax under the composition scheme at the rate of 4% w.e.f 1st March 2008 (Earlier- 2%) on the gross amount charged for the works contract. Gross amount shall not include the VAT/ CST or sales tax paid on the goods transferred during the execution of such works contract. The option is to be exercised prior to payment of service tax in respect of the said works contract and once exercised, shall be in force till the completion of the works contract. It may be noted that the composition scheme is optional for assessee.
There is no need to change in ST reg. No. but do communicate with the department
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Difference between Date of Payment and Date of Deduction?
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- EXPORT COMMERCIAL INVOICE HSN CODE
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- FCRA 6 E- Intimation
- GST Rate for Catering Services
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
