TaxTMI 
TaxTMI 
Rate of Service Tax under composite scheme
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....ate of Service Tax under composite scheme<br> Query (Issue) Started By: - PAWAN KUMAR SHARMA Dated:- 16-11-2010 Last Reply Date:- 19-11-2010 Service Tax<br>Got 1 Reply<br>Service Tax<br>There is some ....
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....confusion that what rate is applicable under Composite scheme e.g. In case of Painting Jobs vendor is charging the rates of service tax @ 3.433 % (which is 1/3rd of the effective rates of tax i.e. 10%....
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....) But another vendor is charging the tax on the same Job @ 4.12& Now want to know the service tax rates on the composit scheme in which material + labour both components are there. Reply By Brijesh....
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.... Verma: The Reply: Rate of tax is 4% + Applicable Cess which makes it to 4.12%. However, recent circulars have clarified that in case of contracts entered into prior to 1-6-2007, where tax has already....
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.... been paid under any existing category, then the same rate would continue to apply in those cases. Your other contractors might be using those rates.<br> Discussion Forum - Knowledge Sharing ....