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Valuation of taxable service for builders

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 March 2016 Value of taxable service for builders
Example - Total receipt from flat owners Rs. 1650000/- so taxable value for Service tax is Rs. 412500 (1650000/-*25/100) assuming all flat less 2000 sg.ft. & below Rs.1cr.
In this case of builder can get basic exception of Rs. 10Lakh?
If so there is no service tax liabilities for during the year .?
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Nilesh

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Nilesh (Expert)
18 March 2016 Do not take benefit of small scale .. u may face poblem in CENVAT credit
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