As per budget 2010, Before the completion of the construction of commercial or residential property AND receipt of the completion certificate from the concerned authorities, if the builder receives any payment as advance (either in part or full) for the proposed office/flat. Then such sale shall be subject to service tax. But in majority of cases estate developers receive completion certificate very late or sometimes they don’t even take the completion certificate, leading to a situation wherein, all of the agreements with customers could attract service tax. The query is that whether Occupation Certificate (OC) can be treated at par with completion certificate OR completion certificate is a must for the purpose of levy of service tax.

Is there any abatement granted to the service provider in case of construction of residential complex with reference to the Finance Act, 2010? [By virtue of Finance Act, 2010, an explanation has been added in sub caluse (zzzh)]. If yes, what is the quantum of abatement?

Kindly give the reference of such notification, if any!

hi..


can any body please tell me whether an existing assessee having a RC can apply online for surrender of RC.

We are in wholesale and retail business of baby products. we pay service tax on rent of shops at different locations in india. Now we have a property in india which we want to give on rent. Can we register and take set off of service tax on rent we pay. If there is refund can we claim it and what are changes of our getting it.

Thanking you in advance

we are filing servce tax retun for half year ending octobet - march - 2010 for which due date is 25 apil 2010, and we file return on 27.05.10, please advicde me, please advice me how much penelty we liable to pay

Sir,
In first year, service provider has more than Rs. 10 lak turnover. He gets service tax number and pays service tax on above Rs.10 lak turnover.
In the next year his turnover remains 5 lak.
Again in the third year, his turnover remains 5 lak and he does not hope to have more turnover.
What should he do ?
1. In second year is he supposed to pay service tax?
2. In the third year also is he supposed to pay service tax?
3. Suppose he surrenders his service tax number in the second or in third year, can he get again service tax number when his turnover exceeds taxable limit ? Can he again get threshold limit exemption ?

Thanks

Ours is a Pvt Ltd Co. We had taken office premises on rent. We had stopped payment of Service Tax on Office Rent wef 01.05.2009. Now the landlord has sent letter asking for the Service Tax on Rent @ 10.3% on rent from May,2009, stating that Govt has placed an ammendment in Parliament which further go on to state that no further suit/action would lie in any court in respect of this levy.

Whether we are liable to pay Service Tax to the landlord on the basis of this ammendment in Parliament or shall Delhi High Court judgement striking down the Service Tax on Rent still hold good ?

I wish to know the effective date of levy of servicetax on construction services as introduced by the Finance Act 2010. Is it 1stApril or 1stJuly 2010?

One of my client which is Registered Society engaged in manufacturing of Bidi , receive the Bidi Patta and pay the frieght charged by tranporter. Is he liable to pay service tax under GTA ? If yes weather the abatement of 75% can be availed by him ? I am confused that as the service receiver is paying the frieght, 75 % abatement will not be allowed. Please guide

Dear,

I would like to know about exchange rate to be applied for conversion for payment of service tax. whether i should apply exchange rate available at the time of booking of invoice or exchange rate available at the time of payment to service provider.


Regards,