Constrution of residential complex
This query is : Resolved
05 January 2013
Sir/Madam
One of client is engaged in construction of residential complexes, recently they are engaging in contruction of building having 9 flats only.
Is they are also liable for service tax from 01/07/2012. As there 12 residential unit of exemption avaliable in service tax.
Is there is any effets of negative list of service tax on above mention service.
Please clarify.
One of client is engaged in construction of residential complexes, recently they are engaging in contruction of building having 9 flats only.
Is they are also liable for service tax from 01/07/2012. As there 12 residential unit of exemption avaliable in service tax.
Is there is any effets of negative list of service tax on above mention service.
Please clarify.
06 January 2013
Dear Raj,
As per Notification No.25/2012 item No.14
Services by way of construction, erection, commissioning, or installation of original works pertaining to,-
(b) a single residential unit otherwise than as a part of a residential complex;
The earlier definition of complex excluding the building which has 12 or less residential units has been omitted.
Only single residential units are exempt from Service tax by mega exemption notification.
Thanks
As per Notification No.25/2012 item No.14
Services by way of construction, erection, commissioning, or installation of original works pertaining to,-
(b) a single residential unit otherwise than as a part of a residential complex;
The earlier definition of complex excluding the building which has 12 or less residential units has been omitted.
Only single residential units are exempt from Service tax by mega exemption notification.
Thanks
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
- CG Tax On residential property
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Gift of mutual fund units to daughter
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Not able to file ITR
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
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
