Regarding construction services
Querist : Anonymous
Wait and see, if any notificcation comes in this regard
Wait and see, if any notificcation comes in this regard
Querist : Anonymous
Till 31st march 2012, the rate of service tax was 25% of 10.30% i.e 2.575.
W.e.f 01/04/2012 the rate of service tax has been changed to 12.36% but in the exhaustive list of abatement, construction service is not mentioned. Since, the new concept of negative list and abatement not yet passed. The old procedure shall be followed with the abatement of 75% but the new rate of 12.36% will be charged.
hence, till the time new notification come, the rate will be 25% of 12.36% i.e 3.09% effectively.
Builders provide contruction service and they are liable for service tax under constrution of complex service.
Querist : Anonymous
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