| Service tax on Construction activity was initiated wef 1.7.10.A Company had 1 ongoing project which was 60 % complete as per architect Certificate . How much Service tax is payable as per the below Scenarios ? | ||||
| Particulars | Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 |
| Agreement Value | 50,00,000 | 50,00,000 | 50,00,000 | 50,00,000 |
| Amt. Recd before 1.7.10 (A) | 5,00,000 | 50,00,000 | - | 45,00,000 |
| Completion % as on 30.6.10 | 60% | 60% | 60% | 60% |
if any amount is received before providing completion certificate then you hav to pay service tax on whole value ( value is determined after abatement)
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