service tax for residentail complex

d.viswanathan (partner) (49 Points)

04 October 2010  

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?