20 September 2017
Sir we are the Electrical contractors we have Buy the Materials @ 28% But our Customers are asking 18% under Composition Scheme is it possible and how we can got Remaining 10%
20 September 2017
Your actvity is taxable @ 18%, ie your (material + Labour), You can take input of material purchased and other input services, even if it's @28%, if net you have excess input credit, you can adjust in future months or go for refund.
CAclubindia
