CCI Online Coaching    |    x

Regarding recent 3.09% rate of service tax


Querist : Anonymous (Querist) 03 October 2012

dear sir,
please tell me how to calculate service tax(those who have reg. flat /units after 1/4/2012) for residential complex (real estate,construction firm),should it be calculated in a same way by allowing abbetment of 75% ?or is there any ammendment in this regard.
and please explain me regarding the recent 3.09% rate ,its urgent
thank u in adv.

Amit Shah (Expert)
03 October 2012

Notification no 26/2012 exempts value of service in excess of 25% of amount charged. Thus service tax is on 25% on value of service at 12.36%

You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

× Online Coaching My Enrolled Courses
Articles Forum News Experts Exams Share Files Income Tax Accounts Career Corporate Law Service Tax Video Judgements Rewards Top Members Events Albums Find Friends Featured Feed Scorecard Bookmarks Mock Test Poll Notification Knowledge Finder Coaching Institutes Trainee Corner Jobs
close x