https://www.taxtmi.com/news?id=45 Effective rate of service tax on services in execution of works contracts under the composition scheme is 2.06%, composed of a basic service tax of 2% plus an Education Cess at 2% of the basic levy and a Secondary and Higher Education Cess at 1% of the basic levy, yielding an aggregate effective rate of 2.06% on the service component. en-us Sun, 27 May 2007 17:42:00 +0530 Thu, 26 Jun 2008 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=45 Effective rate of service tax on services in execution of works contracts under the composition scheme is 2.06%, composed of a basic service tax of 2% plus an Education Cess at 2% of the basic levy and a Secondary and Higher Education Cess at 1% of the basic levy, yielding an aggregate effective rate of 2.06% on the service component. News - Sun, 27 May 2007 17:42:00 +0530 https://www.taxtmi.com/news?id=45