https://www.taxtmi.com/notifications?id=14978 Amendment defines gross amount charged for works contracts to include value of all goods and services used for execution while excluding value added tax or sales tax on transfer of goods and the cost of machinery and tools except hire charges; it preserves prior treatment where execution commenced or payments were made before the operative date. It further provides that the option under sub-rule (3) is permissible only when the declared value of the works contract is not less than the defined gross amount charged. en-us Tue, 07 Jul 2009 00:00:00 +0530 Wed, 11 Jan 2012 16:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=14978 Amendment defines gross amount charged for works contracts to include value of all goods and services used for execution while excluding value added tax or sales tax on transfer of goods and the cost of machinery and tools except hire charges; it preserves prior treatment where execution commenced or payments were made before the operative date. It further provides that the option under sub-rule (3) is permissible only when the declared value of the works contract is not less than the defined gross amount charged. Notifications Service Tax Tue, 07 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/notifications?id=14978