Dear All,
As we know, abatement on Service Tax on Construction Service will be 75% if following condition is fulfilled, otherwise abatement will be 70%:
i. Carpet Area less than 2000 Sq. Ft.
ii. Consideration is less than Rs.1 Crore.
Now my query is, suppose in a Complex there are units/flats/shops of 1800 Sq. Ft amounting Rs. 50 Lakhs each and a person bought 2 or more unit/flat/shop in that complex, What rate of abatement will be available to him?
Regards,
CA Milan Agrawal
Amendment for Abatement talked about the unit.
so I think that the abatement of 75% will be available irrespective same or different buyer.
wait for more response.
Thanks.
Further, is the abatement available only for Residential units?
yes, the abatement of 75% is allowable if above conditions are fulfiled.
In case of Commercial construction abatement of 70% allowable.
Refer notification No.09/2013 ST 08.05.2013
Yes, 75% abatmenet subject to above limits is available for each 'residential unit' irrespective of buyer purching single or multiple flats. For other than residential units, abatemnet is always 70%.
Abatement Will Be 70%
CAclubindia
