Comments on : Works Contract vs. Commercial or Industrial Construction

Home > Articles > Comments on Works Contract vs. Commercial or Industrial Construction

Please Wait ..

Comments on Works Contract vs. Commercial or Industrial Construction

Displaying 1 - 6 of 6 in 1 pages

chirag

Wrote on 25 June 2012

As per notification 24/2012 option 2 for valuation can be used if value has not been determined under option 1. pl refer TRU explantion to Budgetvide letter dated 16.03.2012 page 4. May please see and comment.

Sankalp Patwa

Wrote on 21 June 2012

Mr Manoj he will charge both Vat and service tax

MJ Krishnamurthy

Wrote on 20 June 2012

Thank you Mr Bimal Jain for this good article......MJK

Manoj

Wrote on 20 June 2012

Dear Sir, Very Good Article. I am a facing a similar situation. Would be thankful to you, if you can address my query. My case is as under My client has entered into a deal for ( Entire building)office premises with a builder. Deal value is 50 Crores ( Inclusive of land plus construction cost). Builder has provided land as well as he is constructing 3 floors and will be giving ready possession to my client. Construction has started in 2008 and it is still going on. My client made advance payment based on milestones achieved as per Agreement to Sale ( Final Sale Deed is pending) My query is 1) Whether builder will charge service tax & from which date? 2) Whether he will charge Service tax as well as Vat ? 3) He will only charge VAT ? Please provide your kind opinion. Regards, Manoj Shah