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Service tax on apartmetns
There is a abatement on Service tax on Apartments of 25% or 30% with the respective conditions.
My doubt is in a building there are 10 apartments of which 9 apartments are less than 2000 sq feet and sale price is Less than 1 crore.
One apartment is more than 2000 sq feet.
Now can we claim abatement of 30% for 9 apartments and 25% for one apartment or for all the apartments it would be 25% only.
Whether the condition to claim 30% abatement has to be satisfied by all the apartments in the building??
Replies (3)
Reasonably for the past ( now for all apratments deduction is 30% of gross amount including land value) 1 apratment wouldbe @ 25% abatement. Rest wouldbe on 30%.
Thank you so much sir.
The law is very much clear in this matter and there is no ambiguity in it. Whatever stated by Madhukarbhai is absolutely correct.
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