Friends,
As per Union Budget 2016,Exemption of service Tax for Housing Schemes with Flats up to 60 sq mtrs is applicable to all such Schemes or only Schemes approved by Govt?
CA Subhash Ghuge
7709046680
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Service tax on builders
Replies (2)
The low cost houses up to a carpet area of 60 square metres per house will be exempt only in following cases:
a) Housing project approved by the competent authority under the “Affordable Housing in Partnership” component of the Housing for All (Urban) Mission/Pradhan Mantri Awas Yojana
b) Housing project approved by the competent authority under any scheme of State Government
Thus, the exemption is available only to housing schemes approved by competent authority and not to all the housing schemes of Central or state government
Dear Friend
If it is not applicable to all Private or Govt Schemes flats below 60 sq mtrs,then what is the Competent Authority for this exemption?
Regards
CA Subhash Ghuge
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