Service tax applicable in construction services
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 October 2014
Sir,
What service tax applicable to Contractor (under which services) for
Construction of independent floor on 5 plots.
The contractor have to complete construct and handover to the firm back, where firm is the owner of land.
Thanks
What service tax applicable to Contractor (under which services) for
Construction of independent floor on 5 plots.
The contractor have to complete construct and handover to the firm back, where firm is the owner of land.
Thanks
08 October 2014
In case you are making only a single residential unit only for a single family then service tax will be exempt on the above.
However, building comprises more than one residential unit then service tax will be taxable under works contract on 40% value net rate of service tax will be 4.944%.
Further, in case service recipient is a corporate and provider is non-corporate reverse charge will also be applicable.
However, building comprises more than one residential unit then service tax will be taxable under works contract on 40% value net rate of service tax will be 4.944%.
Further, in case service recipient is a corporate and provider is non-corporate reverse charge will also be applicable.
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