Abatement rate notification on commercial complex
This query is : Open
22 April 2014
If one contractor registered under Construction of Industrial or commercial complex, not in works contract service and gross amount charged in the bill/invoice exclusive of cost of land then what percentage of service tax he will be charge on his bill/invoice? is it 33% of 12.36%? but 33% abatement rate not mentioned anywhere in the Notification No. 26/2012-ST dt. 20-06-2012
Kindly resolve
Kindly resolve
22 April 2014
S TAX ON TOTAL GROSS VALUE INCLUDING LAND COST.
UNDER NOTIFICATION NO 26/2012-ST.ABATEMENT
UNDER NOTIFICATION NO 26/2012-ST.ABATEMENT
22 April 2014
I know that but this abatement usually enjoyed by the developers, not contractors who is engaged by the developers to construct the property. contractor who contract the property by virtue of order of developers, no land value inclusive of his contract & if he registered under Construction of Industrial or commercial complex service if he enjoy any abatement?
22 April 2014
CAN U WRITE SEPARATE AGREEMENT FOR ONLY CONSTRUCTION OF BUILDING WITH OUT REGISTRATION OF LAND AND BUILDING.
CAN WRITE A AGREEMENT WITH FLOT OWNER( PURCHASE APARTMENT) FOR ONLY CONSTRUCTION OF RESIDENTIAL HOUSE.
SO U CAN ENJOY WITH OUT LAND COST AND REGISTRATION COST EFFECT.
CAN WRITE A AGREEMENT WITH FLOT OWNER( PURCHASE APARTMENT) FOR ONLY CONSTRUCTION OF RESIDENTIAL HOUSE.
SO U CAN ENJOY WITH OUT LAND COST AND REGISTRATION COST EFFECT.
22 April 2014
If we entered an agreement with builder/developers only construction of building,then in think it will not enjoy abatement 75% under construction of commercial & industrial service. because 75% abatement only available when the gross value include land cost. is any abatement enjoy a contractor when he construct a building commercial or residential?
If we entered an agreement with builder/developers only construction of building,then in think it will not enjoy abatement 75% under construction of commercial & industrial service. because 75% abatement only available when the gross value include land cost. is any abatement enjoy a contractor when he construct a building commercial or residential?
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
- Gst registered proprietorship firm
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Minimum tax payable to file Updated return
- Non filing of I T Returns
- UDIN ISSUE
- Change Of Karta In Case of Death
- SALARY CAN BE CAPITALIZE
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on Fixed Assets purchased
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
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
