construction services under service rax

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friends is there any notification/ circular in respect of construction services exempting flats below rs.20 lacs from service tax...

Replies (5)

Thanks Amit.

 

Would u please share the notification or atleast pls put the no. of such notfication.

I shall get it downloaded from CBEC then.

 

Thanks again.

 

Regards,

 

Manoj

regarding the service tax limit of Rs20,00,000/- is applicable for a builder, whose total construction cost or if the total value or total turover or total value of the properties consturcted by the builder is within 20lakhs in a year.

Respected U S Sharma ji, plse clear if a builder is constructing 50 flats and  the value of some flats say 10 flats is Rs.20L & value of other flats say 40 flats is rs.30L, then is it so that 10 flats whose value is Rs.20L , exempts from service tax & remaining 40 flats are taxable....

Kindly give the notification no.& date, if available regarding this...

Originally posted by : U S Sharma

regarding the service tax limit of Rs20,00,000/- is applicable for a builder, whose total construction cost or if the total value or total turover or total value of the properties consturcted by the builder is within 20lakhs in a year.
Originally posted by : AMIT AGARWAL

Respected U S Sharma ji, plse clear if a builder is constructing 50 flats and  the value of some flats say 10 flats is Rs.20L & value of other flats say 40 flats is rs.30L, then is it so that 10 flats whose value is Rs.20L , exempts from service tax & remaining 40 flats are taxable....

Kindly give the notification no.& date, if available regarding this...

No exemption as the builder's total turnover is above 20L in a year

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