Works contract service definition clarifies which services qualify under the composition scheme for service tax liability. Defines terms for the composition scheme: Act denotes the governing finance statute, "section" refers to provisions of that Act, and works contract ... Summary
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Works contract service definition clarifies which services qualify under the composition scheme for service tax liability.
Defines terms for the composition scheme: Act denotes the governing finance statute, "section" refers to provisions of that Act, and works contract service means services provided in relation to execution of a works contract as specified. Words not defined in these rules are to have the meanings assigned in the Act.
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