TMI BlogRate applicability in composite schemeX X X X Extracts X X X X X X X X Extracts X X X X ..... A company is engaged 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 sche ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... me, if possible prescribe 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 o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f material value from the 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the civil work. - Rate applicability in composite scheme - Query Started By: - Anup Kumar Grover Dated:- 11-7-2009 Service Tax - Got 1 Reply - Service Tax - Discussion Forum - Knowledge Sharing, rep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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