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: TDS :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: form 3cd :: ACCOUNTING STANDARD :: cpt :: VAT RATES :: empanelment :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4%
Latest Circulars »
 RBI-Framework for imposing monetary penalty on Authorised Payment Systems Operators / banks under Payment and Settlement Systems Act, 2007
 RBI-Sovereign Gold Bonds 2016-17 Series III – Operational Guidelines
  Registrations open for NCFE’s NFLAT (National Financial Literacy Assessment Test)
 Sovereign Gold Bond Scheme 2016 -17 – Series III
 Minutes of the Monetary Policy Committee Meeting October 3-4, 2016
 Registrations open for NCFE’s NFLAT (National Financial Literacy Assessment Test)
 Auction for Sale (Re-issue) of 7.35 per cent Government Stock 2024
 Auction of Government of India Dated Securities October 17, 2016
  Setting The Priorities Right (Shri S. S. Mundra, Deputy Governor – September 28, 2016 – at the 3rd SBI Banking and Economics Conclave in Mumbai)
  Financial Stability in a Weak Global Environment (Shri S. S. Mundra, Deputy Governor - September 22, 2016 - at the 7th SEACEN High Level Seminar for Deputy Governors in–charge of Financial Stability and Supervision, Mumbai)
 RBI issues Directions to United India Co-operative Bank Ltd., Nagina, Bijnor, Uttar Pradesh – Withdrawal of Directions

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,
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..


(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 2016 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