Service tax chargeable on builders & developers
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 April 2014
Service tax chargeable on payment or due basis.(In case of Builders & Developers)
For Example:
Actual Amount Received Rs.500000
Amount Due (As per Completion Certificate 30%) Rs. 900000 (30% of Rs.3000000)
Service tax is chargeable on which amount?
For Example:
Actual Amount Received Rs.500000
Amount Due (As per Completion Certificate 30%) Rs. 900000 (30% of Rs.3000000)
Service tax is chargeable on which amount?
arihant kumar jain
(Expert)
24 April 2014
Payment Or Due which Ever is Earlier.
You have to pay service tax on
=900000*40%*12.36%
You have to pay service tax on
=900000*40%*12.36%
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