Abatement on construction of residential complex service
This query is : Resolved
23 August 2011
As per notification no.6/2005-ST dated 1/3/2005 provides an option to the service provider to avail exemption from tax leviable on taxable services of aggregate value not exceeding 10 lakhs.
As per notification no.1/2006-ST dated 1/3/2006 75% abatement can be availed by service provider of construction of residential complex service.
whether abatement of 75% can be availed by service provider and thereafter the threshold exemption limit of Rs. 10 lakh can be claimed or the threshold exemption should be claimed from the gross amount received and abatement to be claimed thereafter.
As per notification no.1/2006-ST dated 1/3/2006 75% abatement can be availed by service provider of construction of residential complex service.
whether abatement of 75% can be availed by service provider and thereafter the threshold exemption limit of Rs. 10 lakh can be claimed or the threshold exemption should be claimed from the gross amount received and abatement to be claimed thereafter.
24 August 2011
Limit of 10 lakhs will be calculated without the ababtement.
24 August 2011
can you please mention any circulars or notification related to that calculation
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Treatment of Pension ?annuity returns on PMVY
- TAN for Partnership
- Free lancer income
- GST ON DAMAGED GOODS
- Specified Profession
- Small dealers gst returns filing
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
