Tax on services
This query is : Resolved
16 June 2016
Dear Sir / Madam,
As a builder whether I can charge service tax on followings and whether abatement is applicable any of them. ( on collection from customers )
1. Car Parking
2. Preferred Location( River Facing )
3. Club House
4. Maintenance Charges
5. Corpus Fund
6. Stamp duty, Registration Charges and other Government Charges etc
Kindly confirm as your earliest.
Thanks you
Biswa
Dear Sir / Madam,
As a builder whether I can charge service tax on followings and whether abatement is applicable any of them. ( on collection from customers )
1. Car Parking
2. Preferred Location( River Facing )
3. Club House
4. Maintenance Charges
5. Corpus Fund
6. Stamp duty, Registration Charges and other Government Charges etc
Kindly confirm as your earliest.
Thanks you
Biswa
16 June 2016
The builder is undertaking construction of commercial or residential unit, he can pay service tax on 30% of value if the value includes Land Value. If land value included in your case, you can take abatement on construction activity.
Parking - Taxable.
Preferred Location - Taxable
Club house - Taxable assuming if have constructed the same.
Maintenance charges - Taxable
Corpus Fund - No service tax as not related to construction
Stamp duty etc . - Not taxable as not related to construction activity
You may claim abatement for above taxable activity if land value is included.
Parking - Taxable.
Preferred Location - Taxable
Club house - Taxable assuming if have constructed the same.
Maintenance charges - Taxable
Corpus Fund - No service tax as not related to construction
Stamp duty etc . - Not taxable as not related to construction activity
You may claim abatement for above taxable activity if land value is included.
Message likes :
1 times
16 June 2016
on providing service you have to pay full service tax . on reimbursement of exp. there is no service tax like nos 6
16 June 2016
Thank you sir, Please mentioned rate, specially on preferred location.
16 June 2016
its rate will be 15% at present full rate. in above your construction of flat its will be 30 % of the value it means rate will 4.5% on the value of flat.
but in your service there is no abatement.
but in your service there is no abatement.
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
- Depreciation of fixed assets- coop housing society in mumbai
- TDS on Consultancy- Non DTAA
- Reopen of assessment proceeding
- EPF FULL & FINAL RULES IN 2026
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Management System (IMS)
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Gift Received from nonblood relative
- Reprocessing of rectification order AY 2025-26
- 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
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
