Whether Abadement of 67% available on Construction Service (Land Value Excluding) is withdrawn from 1.7.2012 ?
Whether all such contractors will be liable to pay service tax @ 12.36% after taking cenvat credit of input goods ?
pppppppp (Partner) (53 Points)
25 July 2012
Whether Abadement of 67% available on Construction Service (Land Value Excluding) is withdrawn from 1.7.2012 ?
Whether all such contractors will be liable to pay service tax @ 12.36% after taking cenvat credit of input goods ?
Mallikharjun
(Deputy Manager)
(304 Points)
Replied 25 July 2012
Pls go through the Notification No. 26/2012. (Last point in the table).
krishnakumar
(Compliance -Manager CWA)
(287 Points)
Replied 07 August 2012
Please find attached notification no.26/2012 dated 20.06.2012 which helps you understand better
RENGARAJ R.K
(ADVOCATE)
(7557 Points)
Replied 10 August 2012
Aftter the introduction of new valuation rules and abatement for works contract, the 67-33 % is gone. Kindly refer new notn issued during June 2012.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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