friends is there any notification/ circular in respect of construction services exempting flats below rs.20 lacs from service tax...
5 Replies
Manoj BG
(Tax Professional and in Service)
(1795 Points)
Replied 05 December 2010
Thanks Amit.
Would u please share the notification or atleast pls put the no. of such notfication.
I shall get it downloaded from CBEC then.
Thanks again.
Regards,
Manoj
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 05 December 2010
regarding the service tax limit of Rs20,00,000/- is applicable for a builder, whose total construction cost or if the total value or total turover or total value of the properties consturcted by the builder is within 20lakhs in a year.
AMIT AGARWAL
(learner)
(114 Points)
Replied 06 December 2010
Respected U S Sharma ji, plse clear if a builder is constructing 50 flats and the value of some flats say 10 flats is Rs.20L & value of other flats say 40 flats is rs.30L, then is it so that 10 flats whose value is Rs.20L , exempts from service tax & remaining 40 flats are taxable....
Kindly give the notification no.& date, if available regarding this...
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 07 December 2010
| Originally posted by : U S Sharma | ||
 |
regarding the service tax limit of Rs20,00,000/- is applicable for a builder, whose total construction cost or if the total value or total turover or total value of the properties consturcted by the builder is within 20lakhs in a year. |
 |
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 07 December 2010
| Originally posted by : AMIT AGARWAL | ||
|
|
Respected U S Sharma ji, plse clear if a builder is constructing 50 flats and the value of some flats say 10 flats is Rs.20L & value of other flats say 40 flats is rs.30L, then is it so that 10 flats whose value is Rs.20L , exempts from service tax & remaining 40 flats are taxable.... Kindly give the notification no.& date, if available regarding this... |
|
No exemption as the builder's total turnover is above 20L in a year
Recent Topics
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
- Rectification to decrease income in SCHEDULE OS
- Can Statutory Auditor of a subsidiary become concu
- Client Asking for the Revised Invoice
- Share office desk in bkc, near family court
- 80D claim for payment paid by parent
- TDS on purchase of Flat under subvention scheme be
- GST registration for medical shop in Karnataka
Related Threads
CAclubindia
