https://www.taxtmi.com/article/detailed?id=164 A provider wishing to opt for the composition scheme must exercise that option prior to payment of service tax and the option, once exercised, applies to the entire works contract and cannot be withdrawn until completion. Where service tax has already been paid on running bills or parts of the work under earlier provisions, the remaining portion cannot be selectively brought under the composition scheme because a works contract is treated as a composite, indivisible contract; VAT/sales tax on transferred goods is excluded from the gross amount and CENVAT credit is disallowed when composition is opted. en-us Thu, 11 Sep 2008 00:00:00 +0530 Fri, 12 Sep 2008 10:17:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=164 A provider wishing to opt for the composition scheme must exercise that option prior to payment of service tax and the option, once exercised, applies to the entire works contract and cannot be withdrawn until completion. Where service tax has already been paid on running bills or parts of the work under earlier provisions, the remaining portion cannot be selectively brought under the composition scheme because a works contract is treated as a composite, indivisible contract; VAT/sales tax on transferred goods is excluded from the gross amount and CENVAT credit is disallowed when composition is opted. Articles Service Tax Thu, 11 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=164