Construction Service - Low Cost
This query is : Resolved
06 February 2011
One of my clients constructing flats consisting of 20 residential units. Each residential units costs Rs 15-18 Lakhs. Advance payments are obtained before completion. Coming in ST net from 01.07.2010? Under Construction.....
Heard that there is exemptions for low cost housing worth less than 20 Lakhs. But I cant find any notification as such. Read these in the following website.
https://www.commonfloor.com/articles/tag/amendment-made-by-the-finance-act-2010
https://www.investmentyogi.com/taxes/service-tax-for-new-home-purchase.aspx
https://www.etaxindia.org/2010/08/sale-of-under-construction-houses-to-attract-ervice-tax-from-july-1.html
Is my client exempted from Service tax or not?
Please advice
Heard that there is exemptions for low cost housing worth less than 20 Lakhs. But I cant find any notification as such. Read these in the following website.
https://www.commonfloor.com/articles/tag/amendment-made-by-the-finance-act-2010
https://www.investmentyogi.com/taxes/service-tax-for-new-home-purchase.aspx
https://www.etaxindia.org/2010/08/sale-of-under-construction-houses-to-attract-ervice-tax-from-july-1.html
Is my client exempted from Service tax or not?
Please advice
08 February 2011
Service Tax is payable since 01.07.2010.
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