Service tax on building construction
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
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
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.
10 September 2012
Notification 24/2012 dated 6/6/2012 may be referred to.
10 September 2012
Agreed with the expert.
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
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- 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
Trending Online Classes
CAclubindia
