https://www.taxtmi.com/caselaws?id=267520 The Tribunal upheld the differential tax liability and interest on works contract services under the Composition Scheme, while setting aside the penalties imposed on the appellant. The appellant's argument that deductions could be claimed under Section 67(2) of the Finance Act, 1994, was rejected as the Composition Scheme does not allow for such deductions. The Tribunal emphasized that once the appellant opted for the Composition Scheme, they had to adhere to its provisions without reverting to calculate gross value charged. en-us Wed, 09 Sep 2015 00:00:00 +0530 Wed, 14 Sep 2016 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267520 The Tribunal upheld the differential tax liability and interest on works contract services under the Composition Scheme, while setting aside the penalties imposed on the appellant. The appellant's argument that deductions could be claimed under Section 67(2) of the Finance Act, 1994, was rejected as the Composition Scheme does not allow for such deductions. The Tribunal emphasized that once the appellant opted for the Composition Scheme, they had to adhere to its provisions without reverting to calculate gross value charged. Case-Laws Service Tax Wed, 09 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267520