Tax on services
This query is : Resolved
16 June 2016
Dear Sir / Madam,
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
Kindly confirm as your earliest.
Thanks you
Biswa
Dear Sir / Madam,
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
Kindly confirm as your earliest.
Thanks you
Biswa
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.
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.
Message likes :
1 times
16 June 2016
on providing service you have to pay full service tax . on reimbursement of exp. there is no service tax like nos 6
16 June 2016
Thank you sir, Please mentioned rate, specially on preferred location.
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.
but in your service there is no abatement.
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
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Application of 115BAC
- RCM - commercial rent paid to URP under GST
- Offsetting interest income against derivative trading losses
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
