13 January 2016
on of my client, construct a building in a place of his own 2000 sq.feet land. Building is divided in to 6 flats and all are Sale to his relatives(each flat for Rs.15,00,0000/-). He made an expenditure to construct the building is Rs.45,00,000/-. Now my query is, what is the Portion Of Service Tax and Percentage of Service Tax?
13 January 2016
There are 2 methods under which u can pay service tax first works contract and second construction of residential complex if u can calculate sale value of land then deduct it from charged and charge service taxon 40%remaining value else u would have to pay tax under construction of residential complex on 30% of total value including land better u choose
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