10 September 2012
if a Builder dose not take a benefits of exemption of 67% of service value and want to pay service tax on full value than can claim the service tax paid on Land Development right (as service receiver) and also tell me that is any exemption in value for service tax on land development right which have to be paid by builder as service receiver
10 September 2012
Now the valuation rule is changed. There is no 67% and now it is 60:40. So, kindly go thro the new Rule 2A and avail the eligible abatement. As per the new rule, the builders are eligible for restricted input services. Paying 100% and claiming is not correct.
CAclubindia
