https://www.taxtmi.com/forum/issue?id=1116 The service qualifies as a works contract, giving the assessee the option either to value the taxable service by deducting the value of goods transferred under the Valuation Rules or to pay under the Works Contract composition scheme; the chosen method determines entitlement to Cenvat credit and whether a notification excluding material value can be applied so that service tax is charged on the residual service portion. en-us Thu, 23 Apr 2009 16:04:36 +0530 Thu, 23 Jan 2025 15:58:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1116 The service qualifies as a works contract, giving the assessee the option either to value the taxable service by deducting the value of goods transferred under the Valuation Rules or to pay under the Works Contract composition scheme; the chosen method determines entitlement to Cenvat credit and whether a notification excluding material value can be applied so that service tax is charged on the residual service portion. Discussion-Forum Service Tax Thu, 23 Apr 2009 16:04:36 +0530 https://www.taxtmi.com/forum/issue?id=1116