hello all,
My sister (living abroad) bought a villa for 50lacs in hyderabad. The builder is asking her to pay VAT(@4%)and ServTax(@4.12%) on the "Cost of Construction=41 lacs" component. Is this correct???
So the point is, I was reading the site/forum and found few articles relating to the exemption given to homebuyers in terms of ServTax by the Govt of India. Is this still applicable as on Jan 2009, I quote the following for easy reference:
1. "https://www.caclubindia.com/news/2007/9/service_tax_relief_for_home_buyers.asp"
2. "https://www.caclubindia.com/news/2007/9/home_buyers_get_service_tax_waiver_.asp"
From these above articles I understand that she doesn't have to pay ServTax as demanded by the builder.
Please enlighten me on the issue and dont hesitate to ask me if u need any clarifications from my end.
Also can anybody tell the Circular Number issued on 23Aug,2007 regarding the same.So that it would be handy to have a printout and show the builder if needed.
I found one link pertaining to the above, i really dont know if it matters to the case above or not. Anyways all u learned people go thru and let me know where is it mentioned??
http://www.servicetax.gov.in/circular/st-circular07/st_circ_96-2k7.htm
Sai
which form is to be filled if we want to add services to existing service registration no.???
How to claculate CENVAT Credit in terms of Rule 6C of CENVAT Credit Rules 2004?
A company manufactre its own Bulding & Recived Bills From professionals & Contractor on which service Tax Charged
My Q Is that
1. Bulding which is construted capital goods or not falling in chapter 82-90 traiff
2. can he take credit of this service tax on Rent (When construction Complete)or not
If it is Capital goods Credit 50% or Whole allowed Because construction complete in Next 2 year
One of my clients is in to the business of Construction of warehousing gala. We are purchasing the material on which we are paying excise duty and used as input material for construction of galas.
After the completion of construction we have two options-
1. Renting the galas on which we collect ST.
2. Sale of Construction gala.( ST on 33% of it is attracted)
My question is Can we claim the Cenvat Credit from excise on material input against the service tax payable on rent and construction sale?
If their is an contract with a Transporter to provide truck as require to us at fixed rate & unloading charges that transporter pays reimburse by Co. (Separate bill is prepared for Unloading Charges)
We r paid service tax on Transportation value as per contract, Is their any lability on service tax Unloading Charges which is reimburse by Co.????
Hi all,
Please answer the below query with reference to any section/ circulars/ Rules
X is a foreign service provider, ABC Ltd is a Indian service recipient.
If X provides taxable service to ABC Ltd, liability of service tax is on ABC Ltd. But the question here is, can ABC Ltd claim service tax credit on that, if
* the place of performance of service is outside India and used in India
* the place of performance of service is inside India and used in India
Sir,
pl. tell me what are the documents to be submitted to file an appeal with commissioner appeals at service tax dept i.e., form no and other documents and enclosures and fees payable if any along with the appeal.
yours faithfully
G Ramesh babu
What are the condition of service tax in which the receiver has to pay service tax on the transport organisation sector.
i hav 2 doubts
1.For eg am a cab operator who picks up n drops the employees of a unit in a SEZ.As per this notification should i charge service tax in my bill???? My contention is that i don have to cuz the employees are engaged in performing the export oriented jobs.This in turn will help the nation to get valuable foreign exchange n so no service tax should be charged.Please temme if am rite.
2.Also temme if der has been any amendment to this notification
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Are prospective Home buyers exempted from ServTax?