DEEMING PROVISION ON CONSTRUCTION SERVICES

HI EVERY1,

PLEASE ANY1 CAN CLEARIFY THE EXACT INTERPRETATION OF THE AMENDMENT IN FINANCE ACT,2010 IN RELATION TO THE ADVANCE AMOUNT ON WHICH THE SERVICE TAX AND ABAATEMENT RULES IN THIS REGARDS

E.G. FOR A TRANSACTION ENTERED AFTER 1/7/2010

MR A (BUILDER) SELLS THE FLAT TO MR B FOR RS 1 CRORE

MR B PAYS RS 50 LAKHS IN ADVANCE  

WHAT SHALL BE GROSS VALUE OF S TAX UNDER NORMAL PROVISIONS AND FOR ABATEMENT

ALSO PROVIDE THE WAY OF GETTING EXEMPTION FROM BEING COVERED UNDER THIS CLAUSE AND THE SERVICE BEING TAX FREE