https://www.taxtmi.com/news?id=929 Amendments restrict the optional composition scheme for works contracts by requiring declaration of the entire value of goods and services used in execution as the gross value, with a transitional exception for contracts with execution commenced or payment made by the cutoff; an added sub rule provides the option only where the declared value is not less than the gross amount charged. Separately, import of services rules are extended to include installations, structures and vessels across the Continental Shelf and Exclusive Economic Zone. en-us Wed, 08 Jul 2009 14:45:23 +0530 Wed, 08 Jul 2009 14:45:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=929 Amendments restrict the optional composition scheme for works contracts by requiring declaration of the entire value of goods and services used in execution as the gross value, with a transitional exception for contracts with execution commenced or payment made by the cutoff; an added sub rule provides the option only where the declared value is not less than the gross amount charged. Separately, import of services rules are extended to include installations, structures and vessels across the Continental Shelf and Exclusive Economic Zone. News - Wed, 08 Jul 2009 14:45:23 +0530 https://www.taxtmi.com/news?id=929