What is service tax on sale of residential flats ???
3 Replies
Lalit Kumar Gupta
(Service)
(609 Points)
Replied 15 April 2011
Hi..... Prince,
There is no Service Tax on sale of Constructed Residential flats, however, if the builders receive advance amount from thier clien against the flats which are under construction than builders are liable to pay service tax on said advance amount received.
Rate of Service Tax
10.30 % without abetment
3.399% with 67% abetment (excluding the cost of land in value of taxable service)
2.575% with 75% abetment (Including the cost of land in value of taxable service)
Thanks
Lalit
Recent Topics
- Nznxnc call me at the end of the day of the
- Cp chod doob zoom vo book book
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
Related Threads
CAclubindia
