11 May 2012
MY CLIENT IS DOING BUS COACH REPARING JOB CONTRACT FROM BEST MUMBAI HE IS HOLDING SERVICTAX REGISTRATION NO AS WORKS CONTRACTOR WHAT IS THE RATE OF SERVICETAX PAYABLE UNDER COMPOSITION SCHEME WHETHER ANY ABATEMENT AVAILABLE UNDER THE COMPSOTION SCHEME WHETHER THERE IS ANY OTHER METHOD OF SERVICE TAX PAYABLE WITH ABATEMENT & RATE OF SERVICETAX OTHER THEN COMPOSTION SCHEME.
11 May 2012
Dear Friend, The rate of composit tax in Bombay is 8% of Gross Amount of bill and you can avail set off of VAT paid against purchases from VAT liability on sales. Thanks
CAclubindia
