29 July 2011
In case of composition scheme of work contact service tax chargeble @ 4.12%. But i have following queries 1. Can assessee collect the service tax from the customer? 2. Who can opt the composition scheme?( like in vat the person eligible to opt for composition scheme whose annual turnover preceding year didn't exceed Rs.50 lack) 3. how vat on work contrac charged? 4. TDS applicabel if any
30 July 2011
1. Service tax under WCT can be recovered from the customer. 2. There is no financial limit being prescribed for availing the benefit under composition scheme.
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