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Works contract[composition scheme for payment of service tax

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12 March 2008 what are the provisionin above mention scheme.if the value of material suplied in a work contract can not be seprated then what will be thevalue for calculating the service tax. the rate of service tax in work contract pertaining to construction electrical sub station.
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
13 March 2008 Gross Value. You can opt for composition scheme and pay tax @ 4%(2% upto 29/02/2008)on the gross value.
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