sir we are working as a contractors in construction industry, we construct commercial, residential complexes for our clients i.e.builders and developers (contract price includes both supply of labour & material). we are registered under service tax as:
i)commercial and residential services
ii)works contract (composite scheme)
a)my question is how the service tax liability will arise in both cases post budget, 2012?
b)can we take cenvat credit in composite scheme and on what items?
please reply its urgent!!!!
CAclubindia
