Interior work
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 May 2016
Providing new interior works contract to an existing structure, in a building, what is the abatement available, whether it is 60 % or 40%, kindly clarify.
SANTOSH SAGAR K
(Expert)
10 May 2016
You may evaluate if the works is in the nature of original works or repairs. For this purpose, you may also consider the treatment adopted in books - capitalised or charged off as revenue. In my view, this may be classified as original works if treated as capex in books and service tax applicable accordingly.
CA R SEETHARAMAN
(Expert)
11 May 2016
It will not be considered as original work hence only 30% abatement is available.
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