Previously taxable portion for service tax purpose is prescribed as 25% uniformly for constructions where value of land is included in the amount charged from the service recipient.
After March 1, 2013 vide notifications where:
1. the carpet area of 2324 residential unit is upto 2000 square feet (or )
2. the amount charged is less than One Crore Rupees,
taxable portion for service tax purpose will remain as 25%.
In all other cases (Like Commercial units or Residential units not covered above) taxable portion for service tax purpose will be 30%.
This change will come into effect from the 1st day of March, 2013.
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