Service tax for construction of a house in owned land
This query is : Resolved
Anandakrishnan
(Querist)
18 January 2017
Please help me in clarifying on service tax calculation for construction of a house in my owned land.
I have a DTCP approved land on Chennai Suburb and i want to construct a house with built up area of 1482 sqft (GF+1 villa type for self occupation). When approached a builder, he calculated service tax as follows:
[Built up area+ Building plan approval+ EB charges+ Compund wall+ Extra filling work] *40%*15%
Is it true that service tax will be calculated @ 40%*15% from the components mentioned above. If not, how should the actual calculation should be.
Thanks in advance.
I have a DTCP approved land on Chennai Suburb and i want to construct a house with built up area of 1482 sqft (GF+1 villa type for self occupation). When approached a builder, he calculated service tax as follows:
[Built up area+ Building plan approval+ EB charges+ Compund wall+ Extra filling work] *40%*15%
Is it true that service tax will be calculated @ 40%*15% from the components mentioned above. If not, how should the actual calculation should be.
Thanks in advance.
CA Suresh Jain
(Expert)
18 January 2017
Service Tax is not applicable on construction of single self contained residential unit. Please refer Notification 25/2012
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