Composition scheme for works contracts: amendment increases the service tax composition rate, effective on publication of the notification. Amendment substitutes the earlier composition percentage in rule 3(1) of the Works Contract (Composition Scheme for Payment of Service Tax) Rules, 2007 with a higher percentage, changing the composition levy applicable to works contracts; the amendment takes effect on publication in the Official Gazette.
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Composition scheme for works contracts: amendment increases the service tax composition rate, effective on publication of the notification.
Amendment substitutes the earlier composition percentage in rule 3(1) of the Works Contract (Composition Scheme for Payment of Service Tax) Rules, 2007 with a higher percentage, changing the composition levy applicable to works contracts; the amendment takes effect on publication in the Official Gazette.
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