Applicable or not

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

27 March 2012 I want to know is service tax applicable for construction company.
& also want to know VAT is Applicable for construction company.

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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27 March 2012 If you are talking of construction in the state of maharashtra then;-

1. Vat shall be charged @1% of the agreement value of the property sold or stamp duty valuation Whichever is higher.

2. Service tax shall be payable under "construction of complex service" and ST shall be paid @10.30% on 33%/25% of the sale price of the property.This is he position tprior to amendment as per budget.

Querist : Anonymous

Querist : Anonymous (Querist)

28 March 2012 I am talking of construction in the state of Madhya Pradesh.

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