Service tax applicable

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 January 2016 on of my client, construct a building in a place of his own 2000 sq.feet land. Building is divided in to 6 flats and all are Sale to his relatives(each flat for Rs.15,00,0000/-). He made an expenditure to construct the building is Rs.45,00,000/-. Now my query is, what is the Portion Of Service Tax and Percentage of Service Tax?

CA. Divyansh Agarwal

CA. Divyansh Agarwal (Expert)
Follow

13 January 2016 There are 2 methods under which u can pay service tax first works contract and second construction of residential complex if u can calculate sale value of land then deduct it from charged and charge service taxon 40%remaining value else u would have to pay tax under construction of residential complex on 30% of total value including land better u choose

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Dhananjay Singh

Hmr Babu

Mikilesh Shah

CA Jyoti Singh

Phani

Subscribe Now

Service tax applicable

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

GST CONSULTANCY

CA Final

Article Assistant

GST CONSULTANT

Manager- Finance and Compliance