Kindly clarify the following points with regard to application of servie tax for residential complex
1. Is the application of 10.36% is after deducting material, labour and overhead? Does it mean it is to be applied on the margin a contracts gets?. what are the records to be maintained compulsorily?
2. Is the application of 12 residential units is per complex? Here if a contractor constructs at different places less than 12 residential units, service tax is not applicable or applicable taking everything as a whole?