Works contract[composition scheme for payment of service tax

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D C Sivastava (Querist)
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12 March 2008 what are the provisionin above mention scheme.if the value of material suplied in a work contract can not be seprated then what will be thevalue for calculating the service tax. the rate of service tax in work contract pertaining to construction electrical sub station.

Shyam Lal Naik

Shyam Lal Naik (Expert)
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13 March 2008 Gross Value. You can opt for composition scheme and pay tax @ 4%(2% upto 29/02/2008)on the gross value.