Servicetax on costruction contracts
This query is : Resolved
25 June 2014
A builder developing a building on a land provided by land owner. The land owner transferred land to builders for a consideration of 7 crore plus 45% share in flats which r to be developed by builders.what would be the applicability of service tax in this case?can builder avail the option under notification no.26/2012 in this case?
25 June 2014
yes he can use this notification for construction. charge service tax on 25% of value.
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