Service tax implication in a joint development agreement
This query is : Resolved
21 December 2015
Please explain to me the service tax implication in a joint development model. I am so confused as to how much percentage of gross amount the tax is charged to
21 December 2015
If it is for construction of residential complex service tax payable on 25% value including land if carpet area is less than 2000 sq feet and sale value is less than 1 crore and on 30% value exceeding these limits.
Message likes :
1 times
21 December 2015
Thats what I thought too but a developer was paying ST on 40% of gross and value and he says that a person from service tax dept had told him that 40% is the correct percentage and 30% applies on works contract and not JDA.
21 December 2015
For works contract it is 40% and 30%/25% for JDA. He is nor right.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Internship/Academic shown in Salary Pay Slip of a Doctor
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- TDS Challan Code
- Liable to deduct tds and 44ADA
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
