Urgent service tax query...

abatements 1146 views 1 replies
  1. Complex Construction without owning Land

One of our clients is developer of Residential Building on the land registered in the name of Society.

He was claiming 67% abatement under Notification No. 1/2006. But, now in New Notification 26/2012 there is abatement is available only to those who has own Land. So, now how should we calculate Valuation for the purpose of Service tax?

  1. Repair & Maintenance Services

One of our clients is providing services for Commissioning and erecting of Mobile towers.

He was claiming 67% abatement under Notification No. 1/2006. But, now in New Notification 26/2012 there is no abatement is available for same services. So, now how should we calculate Valuation for the purpose of Service tax?

 

Thanks in Advance….

Replies (1)

Abatement of 75% is available only when land value is included. Both service mentioned in the query is original work as per defition in the Valuation rules. Service tax @ 12.36% is to be applied on 40% of the gross contract amount.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details