Service tax on building construction
This query is : Resolved
Vipin Kumar Sharma
(Querist)
13 August 2013
DEAR SIR
WE ARE PVT LTD CO, REGISTERD IN SERVICE TAX. WE CONSTRUCTED A BUILDING IN WHICH RS 700000.00 WE INCURRED ON BUILDING MATERIAL & RS 3000000.00 LAC PAID FOR LABOUR. PLEASE TELL US ON WHICH AMOUNT SERVICE TAX IS PAYBLE & HOE MUCH ?
THANKS & REGARDS
WE ARE PVT LTD CO, REGISTERD IN SERVICE TAX. WE CONSTRUCTED A BUILDING IN WHICH RS 700000.00 WE INCURRED ON BUILDING MATERIAL & RS 3000000.00 LAC PAID FOR LABOUR. PLEASE TELL US ON WHICH AMOUNT SERVICE TAX IS PAYBLE & HOE MUCH ?
THANKS & REGARDS
Madhukar N Hiregange
(Expert)
13 August 2013
As per rule 2A of the ST valuation rules where the actual material value is known then only on the balance ST need be paid.
However if one were to take ad hoc deduction then there maybe disputes.
However if one were to take ad hoc deduction then there maybe disputes.
Vipin Kumar Sharma
(Querist)
14 August 2013
THNAKS SIR
YOU MEANS TO SAY THAT ONLY ON RS. 300000 WE WILL HAVE TO PAY SERVICE TAX. I WANT TO KNOW THAT 12.36 % WE WILL HAVE TO DEPOSIT ON WHOLE AMOUNT
YOU MEANS TO SAY THAT ONLY ON RS. 300000 WE WILL HAVE TO PAY SERVICE TAX. I WANT TO KNOW THAT 12.36 % WE WILL HAVE TO DEPOSIT ON WHOLE AMOUNT
24 July 2025
https://docs.google.com/document/d/1vmiimZKMaiNQKAwUBiIUhyoicF22R6Lw3fyfc_DUloM/edit?usp=sharing
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