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

CA. Narottam Kumar Rawat

CA. Narottam Kumar Rawat (Expert)
Follow

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.

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