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%

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