TaxTMI 
TaxTMI 
Rate applicability in composite scheme
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....ate applicability in composite scheme<br> Query (Issue) Started By: - Anup Kumar Grover Dated:- 11-7-2009 Last Reply Date:- 12-7-2009 Service Tax<br>Got 1 Reply<br>Service Tax<br>A company is engaged ....
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....in the construction of residential building (consisting 4 flats), carried on as construction contract including materials, what is rate of tax in normal and under composition scheme, if possible presc....
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....ribe the required procedure Reply By Dinesh Gupta: The Reply: If you are talking about service tax, the rate of service tax is 10% in normal course if you opt for deduction of material value from the....
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.... gross amount. If your opt for composition scheme the rate of tax is 4%. For new contracts, to avail composition scheme you need to include the value of free material used in the civil work.<br> Discu....
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