Recent amendment in construction of industrial complex ser
This query is : Resolved
Manali Agrawal
(Querist)
26 June 2012
Dear sir,
AS notification no.1/2006 has been withdrawn hence as per new abatement notification which only deals when land amount is added in bill but if billed amount exclude service tax then what will be new abatement for that, plz reply soon.
AS notification no.1/2006 has been withdrawn hence as per new abatement notification which only deals when land amount is added in bill but if billed amount exclude service tax then what will be new abatement for that, plz reply soon.
CA CS Amit S. Kedia
(Expert)
26 June 2012
At present, Abatement notified on construction of complex service is 75%.
CA CS Amit S. Kedia
(Expert)
26 June 2012
The new abatement will be 75% only if the value of land is included in the amount charged from the service receiver and CENVAT credit on inputs used for providing the taxable service has not been taken under the provisions of the CENVAT Credit Rules, 2004.
Manali Agrawal
(Querist)
26 June 2012
thats ok sir but what that person do who is providing construction service and didnt add land amount in the bill as his customer itself providing him the land.
CA CS Amit S. Kedia
(Expert)
26 June 2012
Since the list of abatements is the exhaustive list, if the two conditions are not satisfied then there will not be any abatement.
it is better to charge the value of land in the bill and collect the amount of land from customer for claiming abatement.
The amount of land can be repaid to the customer.
it is better to charge the value of land in the bill and collect the amount of land from customer for claiming abatement.
The amount of land can be repaid to the customer.
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
- EPF ECR NEW FILE SEP 17TH 2026
- Import of Software Service.
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- TDS on Fixed Assets purchased
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- GST on Renting godown to KFCSC for Storage of Raagi
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Under marginal scheme
- Capitalgain tax purposes for valuation report compulsory
- Capital Gail Exemption Certificate
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
