02 May 2012
Sir, plz. clarify whether a firm carrying on business of construction of resi.complex can change the classsificaton to works contract service for the same complex/building during the project period? the firm not charged and paid ST till July 2010 as provided for construction services by the department. but from 1.7.2010 the firm is paying at 4% rate under works contract. is it correct?
02 May 2012
To pay service tax under wtc , such option is to b exercised b4 paying d s.TAX on d same...as u had not paid any tax while u din opt for wtc ,u r rightly following d rules..
CAclubindia
