23 December 2010
There is circular about compounting rate of servicetax - no. 98/04.01.2008. please confirm what is the rate.further whicle registring we should go for project to project registration or keep reglar, since in regular if it is below 10 lacs we hav to pay if I ma not wrong once it is registered.
23 December 2010
Rate is 10.30%. One of the restrictive conditions in the referred circular is excise duty paid on goods, subjected to levy of VAT / sales tax under works contract service, can not be taken as credit under the CENVAT Credit Rules, 2004.
23 December 2010
Sir, My point is that whether I can go for composite rate of 2%. Contract value is 1.5 Crore. or or I can go for abatement 25%/33% and second I shoul go only for single project or regular registration
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