Service tax on building contractor
This query is : Resolved
21 August 2012
Dear Sir,
We are a MNC compnay started construcing new building.
As per the new Act is it necessary to pay 50% service deduct from the builder account and pay directly to the service tax account.
Can you pls clarifty
Suresh Subramanian
9791905733
We are a MNC compnay started construcing new building.
As per the new Act is it necessary to pay 50% service deduct from the builder account and pay directly to the service tax account.
Can you pls clarifty
Suresh Subramanian
9791905733
21 August 2012
Under the reverse charge mechanism, only sole proprietor, partnership firms engaged in the construction work (works contract) are liable to pay 50% of the value after claiming the abatement based on the services whether it is a new construction, maintenance etc., as per new Rule 2A.
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
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Copyright software
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- FORM 26A APPLICABILITY
- Multiple trade mark
- Transporter Declaration form
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- 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
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
