sir,
I wish to know that if a constructor has taken a contract worth rs 2 crore and is getting material in lieu of the contract as specified in the contract then what he should do so as to avoid loss on account of service tax.
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service tax on constrution of houses
Replies (5)
Dear Sir,
I would like to know about service tax on Construction. How is to be calculated?., whether an Individuals are cover under this. Kindly let me know.
Kind regards
P.V.Ramakrishnan
Individuals are also covered.
Pulkit Query
Query not very clear
If the contractor is having a contract for Rs.2 crores and recived Rs.1 crore of materials from the customer then he can chagre only Rs1 crore and taxes as applicable on that wouldbe leviable.
Ramakrishan Query
If you are talking of indivdiual houses they are not liable for service tax. If you are talking of the indivdiual contractor then he is laible after Rs.10 lakhs of services provided his earlier years taxable services did not exceed Rs.10 lakhs.
I think we have lost track of this string. Pulkit may post a question again
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