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of <h1>Amendment to Works Contract Rules 2009 Redefines 'Gross Amount Charged' and Introduces New Option for Contracts Post-July 7, 2009.</h1> The Works Contract (Composition Scheme for Payment of Service Tax) Amendment Rules, 2009, effective from July 7, 2009, amend the 2007 rules under the Finance Act, 1994. The amendment redefines the 'gross amount charged' in a works contract to include the value of all goods and services used in execution but excludes VAT/sales tax and costs of machinery/tools unless hired. A new sub-rule allows an option under certain conditions, provided the declared contract value is not less than the gross amount charged. These amendments do not apply to contracts commenced or paid for before July 7, 2009.
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