Service tax on Residential Building
This query is : Open
03 September 2010
We are levying service tax @ 10.30% on 25% of value of building. Sometimes we have to pay compensation on amount of project delay. Will this compensation be included in the cost of building. On which amount service tax will be charged in these cases. Plz help..
URGENT
URGENT
05 September 2010
If the same is towards liquidated damages then it could be exlcuded.
However examine whethe rthe residential construction is for personal use or not.
However examine whethe rthe residential construction is for personal use or not.
10 September 2010
Sir, it is like a penalty we have to bear..we r bringing up a 300 acre project i.e more than 12 residential complexes..
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