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.
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
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- ITR 2 Short Term gain & Long term gain
- ITR returnFY25-26
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 1: Details for showing Exempt Income
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- 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
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
