work contract-construction, Service Tax

[Dalia Felix]

dear experts,

the ST rate for a 'builder company' is 4.944 % of gross value as per the new Rule 2A (ii). what is the advantage of it over the 'composition scheme'? In both the cases, material value is to be included and input credit of the ST paid to the sub-contractor is available. please clarify me

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[DEEPAK SHARMA]

the ST rate 4.944% is already for those assessee who is working under Composition Scheme without Cenvat Credit