Service Tax - works Contract

Dhiraj Bagri (Manager - Finance & Accounts)   (174 Points)

03 April 2011  

 

Dear Sir 

 

I need your view on following issue: -

 

There is a XYZ company which acts as a works contractor but it has taken the service tax registration of Erection & commissioning.Also, I would like to mention here that we have received all the payment and bookes sales in the FY 2010 - 11

 

We have also imported an elevator on which CVD has been charged.

 

Now my query is

 

1). If we pay service tax @ 10.3% can we take the benefit of CVD under the service tax certificate of erection & commissioning?

 

2).Further even though we are registered under erection & commissioning can we take the benefit of works contract composition scheme and take the benefit of CVD?

 

Thanks in advance.