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.
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.
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.
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.
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.
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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