Rate of Service Tax under composite scheme

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..... There is some 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 o .....

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..... f tax i.e. 10%) 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. .....

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..... - Reply By Brijesh 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, .....

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..... where tax has already 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. - Rate of Service Tax under .....

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..... composite scheme - Query Started By: - PAWAN KUMAR SHARMA Dated:- 16-11-2010 Service Tax - Got 1 Reply - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion .....

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..... Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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