02 March 2016
Value of taxable service for builders Example - Total receipt from flat owners Rs. 1650000/- so taxable value for Service tax is Rs. 412500 (1650000/-*25/100) assuming all flat less 2000 sg.ft. & below Rs.1cr. In this case of builder can get basic exception of Rs. 10Lakh? If so there is no service tax liabilities for during the year .?
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