Hello,
if a person is taking contract from another to repair or renovation services any building used for commercial purpose. then can he claim abetment available under construction services.
CA PRIYUL SHAH
(JOB)
(901 Points)
Replied 22 May 2014
No, Repairs & renovation is not covered under constructiopn service. It is covered under works contract.
Vikas
(CA)
(1135 Points)
Replied 26 May 2014
Agree with Priyul,
You should refer to the valuation mechanism of 60% or 70% of the total contract value as applicable to a works contract service under Rule 2A of the Service Tax (Determination of Value) Rules, 2006.
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