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Composite scheme

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(Querist)
17 February 2009 The company is into selling computers and giving them on rental. It also provides AMC on which it charges service tax. The company does not want to apply for composite scheme. Is it fine?? It taken input credit only to the extend of 20% of Output service tax
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Dayal

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Dayal (Expert)
20 February 2009 The provision of 20% does not exist.

There is no composite scheme under AMC or Renting of tangible goods.

You have to seek nomal registration for both the categories separetly

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