Amends works contract (Composition Scheme for Payment of Service Tax) Rules, 2007 – composition rate increased to 4.8% from 4%
Works Contract (Composition Scheme for Payment of Service Tax) Amendment Rules, 2012 – Amendment in rule 3
Notification No. 10/2012 – ST,
dated 17-3-2012
In exercise of the powers conferred by sections 93 and 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the Works Contract (Composition Scheme for Payment of Service Tax) Rules, 2007, namely:-
1. (1) These rules may be called the Works Contract (Composition Scheme for Payment of Service Tax) Amendment Rules, 2012.
(2) They shall come into force on the 1st day of April, 2012.
2. In the Works Contract (Composition Scheme for Payment of Service Tax) Amendment Rules, 2007, in rule 3, in sub-rule (1), for the words “four per cent”, the figures and words “4.8 per cent” shall be substituted.
Sir,
we are in composit scheme under 4.8% of service tax we both service provider and service recipient. shall we take credit and utilized from service provider bills
1. What is the composition service tax after 1st Just 2012 ans other scheme and rate of service tax
1. What is the composition service tax after 1st Just 2012 ?