Vat under composition scheme in case of builder

Manoj Mhatre (Practising Chartered Accountant)   (68 Points)

27 February 2014  

Dear experts,

As per Supreme Court latest decision, Vat will be payable under rule 58 only with respect incomplete work. So my question is whether this decision is also applicable for composition scheme?

Then same logic can be applicable for service tax also, why we have to pay service tax on completed amount?

Thanks in advance

Manoj Mhatre