Works contract or construction service
This query is : Resolved
08 July 2015
One of my client is a developer and they are carrying out villa project. They have entered into two agreements. One is to sell the land and another one is to construct the villa. whether the consideration for the sale of land is exempted from service tax?
whether the consideration pertaining only to construction agreement be treated as consideration for levy?
Whether the service is treated as works contract service or construction of residential complex service?
whether the consideration pertaining only to construction agreement be treated as consideration for levy?
Whether the service is treated as works contract service or construction of residential complex service?
08 July 2015
Excluding the land it can be treated as works contract and service tax on 40% value can be paid.
Including the land it can be considered as construction of residential complex and service tax payable on 25%/30% value.
Including the land it can be considered as construction of residential complex and service tax payable on 25%/30% value.
Message likes :
1 times
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
- STCG....................................................
- Supply through E-commerce Operators
- TAN for Partnership
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- STCG FOR GOLD ETFs
- SALE BILL AGAINST GOODS RETURN
- Loan by Partnership Firm
- LTCG for Assmt year 26-27
- Plot of land. Cost of Acquisition
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
