Service tax on construction services

CA Rajdeepsinh Kanchava (Senior accountant at KPO)   (736 Points)

11 March 2013  

Hello There!

Greetings of the day to all the CCI Members.

If a Contractor Receives the Consideration for the Construction Service Provided by him in the form of Fixed Deposite (Before the issuance of Completion Certificate ) then would this FD amount be taxable or the Interest only be Taxable or both??????

Thanks in Advance.

Regards Rajdeep.