15 February 2011
Sir, Our audited party starting a business of construction of resedential units. number of units construct is 19 units. for which party purchase land and build construction thir own and selling resedential units without charge any tax.
so, my question is that what abedment should be given to party for service tax payment
15 February 2011
Hi... Your party has to registered themselves under service tax department...under Residential complex Services...as this has more then 12 Residential units....
If the party sale his residential flats along with the land shown in the bill then 75% abatement is allowed....and if the value of land is not included in the bill then the abatement is 67% allowed...
Hope this will solve your query.
Regards CA Rahul Singhal rahulajaysinghal@gmail.com
CAclubindia
