Residential construction complex query
This query is : Resolved
06 December 2011
builder build residential complex with 10 units. He also construct 10 shops in same building. So whether service tax is chargeable on sale of residential units n those shops?
07 December 2011
Dear Abhishek,
There are two types of services which are invovled in the above transaction,
a) Construction of Complex (Which will cover the residential part)
b) Commercial and Industrial Construction (This service will cover the commercial shops)
Based on the above you may claim exemption from service tax on residential complex as the residential units are below 12 numbers. For service in relation to commercial construction you will have to pay service tax under Commercial & Industrial Construction....
There are two types of services which are invovled in the above transaction,
a) Construction of Complex (Which will cover the residential part)
b) Commercial and Industrial Construction (This service will cover the commercial shops)
Based on the above you may claim exemption from service tax on residential complex as the residential units are below 12 numbers. For service in relation to commercial construction you will have to pay service tax under Commercial & Industrial Construction....
07 December 2011
ohk sir..thank u so much manoj sir..aap ka appointment mel sakta hai kya?
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
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
Trending Online Classes
CAclubindia
