https://www.taxtmi.com/article/detailed?id=410 The composition scheme allows a provider of works contract service to discharge service tax by paying a prescribed percentage of the gross amount charged for the works contract; the option must be exercised before payment, applies to the entire contract and is irrevocable until completion, and an opting provider cannot take CENVAT credit on inputs used for that contract; the option is permissible only where the declared value is not less than the gross amount charged. en-us Wed, 08 Jul 2009 00:00:00 +0530 Thu, 09 Jul 2009 11:26:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=410 The composition scheme allows a provider of works contract service to discharge service tax by paying a prescribed percentage of the gross amount charged for the works contract; the option must be exercised before payment, applies to the entire contract and is irrevocable until completion, and an opting provider cannot take CENVAT credit on inputs used for that contract; the option is permissible only where the declared value is not less than the gross amount charged. Articles Service Tax Wed, 08 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=410