St on construction of residential property

venkatesh (article) (41 Points)

18 July 2012  

 

Dear Friends,

                      What is the implication of negative list on ST on Construction of Residential Property, Whether the exemption for a complex containing 12 residential houses is applicable even now?? or what is the fate of small construction companies.. i.e More than 10 lakhs turnover but claiming exemption under above mentioned clause