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Service tax related

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(Querist)
09 January 2013 what will be the applicable rate of abatement as per the latest service tax amendments for construction of residential units if consideration doesn't cover value of land ?
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Kaushik Vinod

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Kaushik Vinod (Expert)
10 January 2013 Dear Govind,

If it does not include the value of Land the tax payable on 40% of Value in terms of Valuation Rules.
Here 26/2012 does not apply.

Thanks

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