My client is a Works Contractor, going to construct a swimming pool. Total bill raised Rs. 50000/-(nclusive of all taxes and value of materiala) as a part performence , Against which total purchase was made of Rs. 4000/-
comute service tax liability ?
Is the pool constrcuted as part of single house, residential complex, hotel or commercial complex ?
sir, that pool constructed in a park, the entire park is oned by a sports club,
Pool constructed in relation to a building intended for commerce is taxable. Rate is 4.12% of groos amount if compoistion is opted. Otherwise 10.3% of the labour portion of the work.
Sir under composite Tax scheme how much i have to pay ?
Shall I eligible for Cenvat on input .
If composition is opted, 4.12% of the gross contract amount including material cost. Cenvat on input is not available while input services and capital goods are eligible.
CAclubindia
