I am Constructing a Residential Complex which as 6 flats, am i liable to collect service tax
2 Replies
DEVARAPU SREENU
(SREENU)
(77 Points)
Replied 05 May 2014
after incresing 10 lakh amount then we can apply the service tax registration number then we can collect service tax but
we have abatement 75% we can collect the service tax on 25%(value is including land but not exceed the 1 crore,if exceed the 1 crore only available 70% abatment)
if u individual we provide to service to corporate body then applied the reverse charge
in that case we can collect the 25% of service tax amount remaining 75% service tax amount paid by the service receiver
Balaji
(student)
(100 Points)
Replied 05 May 2014
Thanks for the reply Devarapu sreenu, I want know whether any exemption is available for Builders from service tax registration.
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