service tax on construction
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 February 2011
Sir,
Our audited party starting a business of construction of resedential units. number of units construct is 19 units. for which party purchase land and build construction thir own and selling resedential units without charge any tax.
so, my question is that what abedment should be given to party for service tax payment
Our audited party starting a business of construction of resedential units. number of units construct is 19 units. for which party purchase land and build construction thir own and selling resedential units without charge any tax.
so, my question is that what abedment should be given to party for service tax payment
15 February 2011
Hi...
Your party has to registered themselves under service tax department...under Residential complex Services...as this has more then 12 Residential units....
If the party sale his residential flats along with the land shown in the bill then 75% abatement is allowed....and if the value of land is not included in the bill then the abatement is 67% allowed...
Hope this will solve your query.
Regards
CA Rahul Singhal
rahulajaysinghal@gmail.com
Your party has to registered themselves under service tax department...under Residential complex Services...as this has more then 12 Residential units....
If the party sale his residential flats along with the land shown in the bill then 75% abatement is allowed....and if the value of land is not included in the bill then the abatement is 67% allowed...
Hope this will solve your query.
Regards
CA Rahul Singhal
rahulajaysinghal@gmail.com
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
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Section 50-fixed asset-->building ceases to exist
- Reprocessing of rectification order AY 2025-26
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Putting a heading on received mail
- Gift Received from nonblood relative
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Regime change
- Consolidated financials
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
