Please guide me whether there is any specified procedures to be adopted for availing the Composition Scheme for Payment of Service Tax uner Works Contract Service.
PANKAJ MORE (xxxxxxx) (48 Points)
17 May 2011Please guide me whether there is any specified procedures to be adopted for availing the Composition Scheme for Payment of Service Tax uner Works Contract Service.
CA Unnikrishnan Nair N
(Chartered Accountant)
(2083 Points)
Replied 17 May 2011
Yes, option has to be filed before the Superintendent for each work conatract.
PANKAJ MORE
(xxxxxxx)
(48 Points)
Replied 17 May 2011
Sir, is there any specified format? If any please giude.....
CA Unnikrishnan Nair N
(Chartered Accountant)
(2083 Points)
Replied 18 May 2011
No prescribed format. Write to the superintendent saying that you opt to pay service tax under Works contracts Composition Rules . Also specify the works contract. The option cannot be withdrawn until completion of the works contract
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