Subscribe to the Bombay Chartered Accountant Journal Subscribe Now!

April 2008

Works Contract (Composition Scheme for Payment of Service Tax Amendment) Rules, 2008 : Notification No. 7/2008-Service Tax, dated 1-3-2008.

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi
Chartered Accountants
Reading Time 1 mins
fiogf49gjkf0d

New Page 1

Service tax


 7 Works Contract (Composition Scheme for
Payment of Service Tax Amendment) Rules, 2008 : Notification No. 7/2008-Service
Tax, dated 1-3-2008.

The rate prescribed for optional scheme for payment of
Service Tax for works contract service has been enhanced from the present rate
of 2% of the total value of the contract to 4% of the total value of the
contract.

Download PDF

You May Also Like

Taxation of Services (Provided from outside India and received in India) Rules, 2006 : Notification No. 6/2008-Service Tax, dated 1-3-2008.

Instruction No. 1829, dated 21st September 1989 laying down guidelines for determining taxability of non-residents from execution of power projects on a turnkey basis stand withdrawn — Instruction No. 5, dated 20-7-2009 (reproduced).