NTF. NO. 10/2012-ST, DT. 17/03/2012
- Document type
- Notification
- Reference no.
- N
- Dated
- Category
- ST Notifications 2012
works contract service to pay an amount equivalent to 4.8 per cent. of the gross amount charged for the works contract instead of paying service tax at the rate specified in section 66 of the Finance Act, 1994 with effect from 1st April, 2012
Seeks to amend NTF. NO.32/2007-ST DT. 22/05/2007 so as to give an option to the provider of a works contract service to pay an amount equivalent to 4.8 per cent. of the gross amount charged for the works contract instead of paying service tax at the rate specified in section 66 of the Finance Act, 1994 with effect from 1st April, 2012.
1. (1) These rules may be called the, Works Contract (Composition Scheme for Payment of Service Tax) Amendment Rules 2012.
(2) They shall come into force on the 1st day of April, 2012.
2. In the Works Contract (Composition Scheme for Payment of Service Tax) Amendment Rules, 2007, in rule 3, in sub-rule (1), for the words "four per cent.", the figures and words "4.8 per cent." shall be substituted.
[F.No. 334 /1 /2012- TRU]
(Samar Nanda)
Under Secretary to the Government of India