Latest Expert Exchange Queries
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: form 3cd :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: VAT Audit :: empanelment :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: VAT RATES :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment
 
 
« Latest Circulars »
 Payment Systems - Next Orbit (Shri R. Gandhi, Deputy Governor - February 20, 2017 - at the launch of Bharat QR Code at Hotel Trident, Mumbai)
 Financing MSMEs: Banks & FinTechs – Competition, Collaboration or Competitive Collaboration? (Shri S. S. Mundra, Deputy Governor – February 20, 2017 – at the NAMCABS Seminar organized by College of Agricultural Banking in Mumbai)
 Issuance of Rupee denominated bonds overseas – Multilateral and Regional Financial Institutions as Investors
 RBI-Formation of twenty one new districts in the State of Telangana - Assignment of Lead Bank Responsibility
 RBI imposes penalty on Janata Urban Co-operative Bank Ltd., Wai, District Satara
 Monitoring of Foreign Investment under PIS in Indian Companies- Incorporation in Ban List–M/s HDFC Bank Ltd.
 Reserve Bank of India seeks Comments on Draft Circular on Rationalisation of Merchant Discount Rate (MDR) for Debit Card Transactions
 Forward Rate Agreement (FRA) and Interest Rate Swap (IRS) - Withdrawal of Fortnightly return
 RBI-Foreign Investments in India
  RBI cancels the Licence of the Shri Chhatrapati Urban Co-operative Bank Ltd., Pimple Nilakh, Pune, Maharashtra
  Finance Minister meets the Directors of the RBI Central Board

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