Composition tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 December 2010 is composition tax4% and works contract service tax 4% total 8% tax has top pay to the contractor on total contract amount?

please clarify

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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10 December 2010 4% service tax is payable on total amount presently.

Shyam Lal Naik

Shyam Lal Naik (Expert)
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20 December 2010 The query relates to Vat as well as service tax. The rate under composition scheme for both is 4%.

Vat 4% + Service Tax 4% = Total 8%

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