Percentage of abatement on service of "construction of resedential flats" for financial year 2012 -13.
Expert please guide.
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Abatement on construction of resedential flats
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75 % abatment for Flat Sale means tax payer only pays 12.36 % *25 % 3.09 % tax on flat agreement
When cost of the land is inclusive, the service tax is payable only on 25% of the value. He can also avail cenvat benefit on eligible inputs.
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