Service tax on Residential Complex

This query is : Resolved

Amit Kumar Gupta (Querist)
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12 September 2009 Dear Sir,

We are contractor and making residential complex under scheme of Jawaharlal Nehru awasiya yogna under central govt. scheme in uttar pradesh. Please tell me whether service tax would be applicable on the above as state govt is deducting WCT @ 4% on the billing amount.
If service tax is applicable then at what rate i have to deposit service tax and further can i claim my input credit to pay the service tax liablity.

Shyam Lal Naik

Shyam Lal Naik (Expert)
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14 September 2009 Difficult to answer, in the absence of complete information. How ever : -

Possible Classification
1. Construction of Complex Service
Normal rate :- 10.3%
You can claim a standard abetment of 67% of the gross value in lieu of Cenvat on input and input services.

2. Works Contract Service
Normal Rate : 10.3%
You can opt for composition scheme and pay tax @ 4%. If so opted, you shall not claim cenvat on input and input services.

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