Composition scheme for works contracts establishes a statutory payment framework under finance law, defining title and commencement. The Central Government, under powers conferred by the Finance Act, 1994, enacted the Works Contract (Composition Scheme for Payment of Service Tax) Rules, 2007, establishing a statutory composition payment framework for service tax on works contracts; the rules are titled accordingly and commence on the first day of June, 2007.
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Composition scheme for works contracts establishes a statutory payment framework under finance law, defining title and commencement.
The Central Government, under powers conferred by the Finance Act, 1994, enacted the Works Contract (Composition Scheme for Payment of Service Tax) Rules, 2007, establishing a statutory composition payment framework for service tax on works contracts; the rules are titled accordingly and commence on the first day of June, 2007.
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