https://www.taxtmi.com/caselaws?id=754237 Where an assessee had validly opted in advance for payment of service tax under the works contract composition scheme, that option continued for the full duration of the contract and could not be withdrawn midstream. A later enhancement of the rate under Notification No. 07/2008-S.T. could not be applied to a pending works contract after the option had already been exercised, because the change in tax rate operated prospectively and did not disturb the earlier elected scheme. The demand for differential service tax on the revised rate was therefore unsustainable, and the impugned orders were set aside with consequential relief. en-us Wed, 13 Mar 2024 00:00:00 +0530 Thu, 20 Jun 2024 08:35:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754237 Where an assessee had validly opted in advance for payment of service tax under the works contract composition scheme, that option continued for the full duration of the contract and could not be withdrawn midstream. A later enhancement of the rate under Notification No. 07/2008-S.T. could not be applied to a pending works contract after the option had already been exercised, because the change in tax rate operated prospectively and did not disturb the earlier elected scheme. The demand for differential service tax on the revised rate was therefore unsustainable, and the impugned orders were set aside with consequential relief. Case-Laws Service Tax Wed, 13 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754237