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Service tax for higher abatement

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(Querist)
05 September 2013 i want know for Flat purchase service tax for higher abatement (25%) is charged on Built Area or carpet Area for above purchase of 2000 Sq ft.


thank you
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Sumit Grover

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Sumit Grover (Expert)
05 September 2013 Dear Sujeet
As per notification 09/2013- all the following conditions should be satisfied for claming higher abatement(i.e. 25% taxable)---
1) it should be a residential property;and
2) carpet area less than 2000 sq ft.;and
3) amount charged is less than Rs. 1 crores.

If any of the above condition is not satisfied,then abatement of 70%(i.e. 30% taxable) shall be available.

It should be noted that super built up area is irrelevant for service tax....what is relevant is carpet area only.
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