St on construction of flat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 April 2016
Dear Experts,
We have taken construction contract of flat. Plz let me know while issuing the invoice
To service receiver how much ST would be charged... however
some CA has advised that you Need to
pay ST on 40% portion and some CA has advised
That you Need to pay ST on 25% portion if carpet area of flat is 2000 SF,
If any experts dealing such cases practically are requested to claify my confussion
Between both percentage
Thanx & Regard
Vibhav Yadav
We have taken construction contract of flat. Plz let me know while issuing the invoice
To service receiver how much ST would be charged... however
some CA has advised that you Need to
pay ST on 40% portion and some CA has advised
That you Need to pay ST on 25% portion if carpet area of flat is 2000 SF,
If any experts dealing such cases practically are requested to claify my confussion
Between both percentage
Thanx & Regard
Vibhav Yadav
02 April 2016
You have taken construction contract of flats so you have to charge service tax on 40% portion. ST on 25% portion is applicable to buyers of the flat from developers.
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