Recent amendment in construction of industrial complex ser
This query is : Resolved
26 June 2012
Dear sir,
AS notification no.1/2006 has been withdrawn hence as per new abatement notification which only deals when land amount is added in bill but if billed amount exclude service tax then what will be new abatement for that, plz reply soon.
AS notification no.1/2006 has been withdrawn hence as per new abatement notification which only deals when land amount is added in bill but if billed amount exclude service tax then what will be new abatement for that, plz reply soon.
26 June 2012
At present, Abatement notified on construction of complex service is 75%.
26 June 2012
The new abatement will be 75% only if the value of land is included in the amount charged from the service receiver and CENVAT credit on inputs used for providing the taxable service has not been taken under the provisions of the CENVAT Credit Rules, 2004.
26 June 2012
thats ok sir but what that person do who is providing construction service and didnt add land amount in the bill as his customer itself providing him the land.
26 June 2012
Since the list of abatements is the exhaustive list, if the two conditions are not satisfied then there will not be any abatement.
it is better to charge the value of land in the bill and collect the amount of land from customer for claiming abatement.
The amount of land can be repaid to the customer.
it is better to charge the value of land in the bill and collect the amount of land from customer for claiming abatement.
The amount of land can be repaid to the customer.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Inventory of finished goods
- Disallowance of Section 43B(h) to sez units
- Sale of property furniture sale
- Applicability of Ind As to associate of associate
- Confusion around Form 26QB fields
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Gst input for FY 23-24
- Tax on capital gains revoked us 54f
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
