https://www.taxtmi.com/highlights?id=67060 Composition scheme - exercising option prior to payment of service tax - The payment of tax under the composition scheme upon notification of the scheme vide a notification no. 32 of 2007 dated 26.05.2007 by filing the return and paying tax at the compounded rate of 2% is sufficient compliance of exercise of option under the scheme and therefore the subject contracts for which tax had been remitted by the appellant at the rate of 2% is permissible and acceptable under law. - HC en-us Tue, 13 Dec 2022 11:05:49 +0530 Tue, 13 Dec 2022 11:05:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=67060 Composition scheme - exercising option prior to payment of service tax - The payment of tax under the composition scheme upon notification of the scheme vide a notification no. 32 of 2007 dated 26.05.2007 by filing the return and paying tax at the compounded rate of 2% is sufficient compliance of exercise of option under the scheme and therefore the subject contracts for which tax had been remitted by the appellant at the rate of 2% is permissible and acceptable under law. - HC Highlights Service Tax Tue, 13 Dec 2022 11:05:49 +0530 https://www.taxtmi.com/highlights?id=67060