glidor@gmail.com
21068 Points
Joined January 2010
1) erection service comes under works contract (compositon) under service tax and WCT under VAT
2) apart from 1) what else activities you do?
3) Excise duty is not applicable on trading goods, its paid at the point of clearence of manufacture only.
4) under works cotract composition scheme no input credit is allowed on input materials as well as input services, and the compositon scheme allows u to pay 4.12% without input credit in place of 10.30 %