Latest Expert Exchange Queries

Make your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: ACCOUNTING STANDARD :: VAT Audit :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: ACCOUNTING STANDARDS :: form 3cd :: VAT RATES :: list of goods taxed at 4% :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« Latest Circulars »
 Monitoring of Foreign Investment under PIS in Indian Companies – M/s The Byke Hospitality Limited - 1. Increase in FIIs/FPIs Investment limit under Portfolio Investment Scheme from 24% to 40% Removal from the FIIs/ FPIs Caution List
 RBI's Monthly Bulletin for July 2017
 Financial Action Task Force (FATF) Public Statement dated June 23, 2017
 All-India House Price Index (HPI) recorded marginal increase in Q4:2016-17
 Auction of Government of India Dated Securities July 17, 2017
 RBI-Interest rates for Small Savings Schemes
 Priority Sector Lending – Status, Issues and Future Agenda (Shri S S Mundra, Deputy Governor - June 27, 2017 - at the ”Conference on Credit flow to Priority Sector – Policy and Implementation” held at College of Agricultural Banking, Pune1)
 Audit Committee of the Board of Directors – Nomination of Non-Executive Chairman
 Investment in plant and machinery for the purpose of classification as Micro, Small and Medium Enterprises – documents to be relied upon
 RBI-Recording of Details of Transactions in Passbook/Statement of Account by Co-operative Banks
 Financial Literacy by FLCs (Financial Literacy Centres) and rural branches - Revision in funding limits, Audio-visual content and provision of hand held projectors

Notification No.23/2009 Service Tax
July, 18th 2009

Notification No.23/2009 Service Tax

G.S.R. (E).- In exercise of the powers conferred by sections 93 and 94 of the Finance Act,
1994 (32 of 1994), the Central Government, on being satisfied that it is necessary in the public interest
so to do, hereby makes the following rules further to amend the Works Contract (Composition
Scheme for Payment of Service Tax) Rules, 2007, namely:-

1. (1) These rules may be called the Works Contract (Composition Scheme for Payment of
Service Tax) Amendment Rules, 2009.

(2) They shall come into force on the date of their publication in the Official Gazette.

2. In the Works Contract (Composition Scheme for Payment of Service Tax) Rules,
2007, in rule 3,-

(A) in sub-rule(1), for the Explanation, the following Explanation shall be substituted,
namely:-
Explanation.-For the purposes of this sub-rule, gross amount charged for the works contract
shall be the sum,-

(a) including-

(i) the value of all goods used in or in relation to the execution of the works
contract, whether supplied under any other contract for a consideration or
otherwise; and

(ii) the value of all the services that are required to be provided for the execution
of the works contract;

(b) excluding-

(i) the value added tax or sales tax as the case may be paid on transfer of
property in goods involved; and

(ii) the cost of machinery and tools used in the execution of the said works
contract except for the charges for obtaining them on hire:
Provided that nothing contained in this Explanation shall apply to a
works contract, where the execution under the said contract has
commenced or where any payment, except by way of credit or debit to any
account, has been made in relation to the said contract on or before the 7th day
of July, 2009.;

(B) after sub-rule(3), the following sub-rule shall be added, namely :-
(4). The option under sub-rule (3) shall be permissible only where the declared value of
the works contract is not less than the gross amount charged for such works contract..

[F.No.334/13/2009-TRU]

(Prashant Kumar)
Under Secretary to the Government of India

Note:- The principal rules were notified vide notification No.32/2007,-Service Tax, dated the 22nd
May, 2007 and published vide number G.S.R.378(E), dated the 22nd May, 2007 and amended vide
notification No.7 /2008-Service Tax, dated the 1st March, 2008, published vide No. G.S.R. 151 (E),
dated the 1st March, 2008.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Company Overview

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions