Query in service tax abatement

This query is : Resolved

Guest

Guest (Querist)

24 October 2013 Query in Service Tax Abatement

Hi,

Someone may please see the following and IF POSSIBLE, give reply:

Query 1

Assessee is registered with Construction of residential complex service.

Whether the Assessee is eligible for Abatement.

Ans : ………………

If yes, is the taxable portion at 25% (or 30% subject to the condition). Please confirm.

Ans : ………………

On which amount, the Abatement should be applied. That is, whether on Land Cost or Construction Cost.

Ans : ………………

Whether the Notification Number is 9 of 2013 with Sl. No.1 for Abatement in respect of the said Assessee? Please confirm.

Ans : ………………

Thanks in advance for your replies.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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24 October 2013 Query 1 Assessee is registered with Construction of residential complex service.

Whether the Assessee is eligible for Abatement.

Ans : YES.

If yes, is the taxable portion at 25% (or 30% subject to the condition). Please confirm.

Ans : 25%. 30% is for other than residential bldg / complex.

On which amount, the Abatement should be applied. That is, whether on Land Cost or Construction Cost.

Ans : On the value of land AND construction cost.

Whether the Notification Number is 9 of 2013 with Sl. No.1 for Abatement in respect of the said Assessee? Please confirm.

Ans : YES.

Guest

Guest (Querist)

25 October 2013 Thanks a lot for giving me replies.

I have a further query on the abatement that whether there is any notification rescinding the abatement for 'Construction of residential complex service' especially for periods 1. March 2012 2. Apr-June 2012.

Can you please look into this query and reply with any notification, if available
or give me some clarity on the query raised?

Ans : ..............

Once again, thanks in advance for the replies.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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26 October 2013 Notification 1/2006 stands rescinded with effect from 1-7-2012.

Guest

Guest (Querist)

29 October 2013 So grateful at all times for your replies.

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