HEY GUYS,
I WANT TO KNOW THAT ON WHICH CRITIRIA BUILDING CONSTRUCTION WILL BE TAXED. IN OTHER WORDS THEY ARE LIABLE TO COLLECT SERVICE TAX OR VALUE ADDED TAX .........
PLZ BE NEEDFUL
1 Replies
Sameer
(EXPERT)
(173 Points)
Replied 05 June 2012
Dear
u need to pay both service tax & vat on construcrucion of building (except the residencial building construction for not more than 12).
u can pay service tax by taking abatement of 67% & pay 12.36% service tax on balance 33%.but no cenvat cr is available on input service tax
& again vat is separate for state to state ,c that in some of state u can avail 30% abate ment is service part & u can pay 4.12% on balance 70%,& that to u can avail input credit on material purchased.
Recent Topics
- Misplace society Bye law
- Submit ommited invoice of previous year
- Need your valueble insight
- GSTR-9 Invoices
- Agricultural Business Loss
- Reporting in gstr9 of ITC of Previous year reverse
- Tax on Reimbursement of House Rent
- MAHARASHTRA CHARITY COMMISSIONER WEBSITE
- Explanation 3 to section 11(1) read with section 4
- Ammendment in Partnership On Death of Partner and
Related Threads
CAclubindia
