As a builder whether I can charge service tax on followings and whether abatement is applicable any of them. ( on collection from customers )
1. Car Parking 2. Preferred Location( River Facing ) 3. Club House 4. Maintenance Charges 5. Corpus Fund 6. Stamp duty, Registration Charges and other Government Charges etc
16 June 2016
The builder is undertaking construction of commercial or residential unit, he can pay service tax on 30% of value if the value includes Land Value. If land value included in your case, you can take abatement on construction activity.
Parking - Taxable. Preferred Location - Taxable Club house - Taxable assuming if have constructed the same. Maintenance charges - Taxable Corpus Fund - No service tax as not related to construction Stamp duty etc . - Not taxable as not related to construction activity
You may claim abatement for above taxable activity if land value is included.
16 June 2016
its rate will be 15% at present full rate. in above your construction of flat its will be 30 % of the value it means rate will 4.5% on the value of flat. but in your service there is no abatement.
CAclubindia
