How to calculate service tax in construction catatory

Answers were Sorted based on User's Feedback



How to calculate service tax in construction catatory..

Answer / v p narasimhan

In case of a construction sector the rule for Service Tax
applies as follows:
1) If its a commercial complex - Service Tax is applicable
2) If its a Residential complex - Service Tax will not be
applicable (provided there should not be more than 8 flats)
The calculation should be as follows:

1/3 of the work value alone is taxable @ 12.36 %

If the work value is 12.00 lacs - 4.00 lacs is turnover for
service tax.

Important note: Since 1/3 alone chargeable for tax no input
credit is allowed.

If the major materials viz., steel/cement is supplied by the
client the work value has to be derived after deducting the
above costs

Is This Answer Correct ?    65 Yes 24 No

How to calculate service tax in construction catatory..

Answer / maddy

service tax aplicable on comercial construction @ 10.30% on
33% of amount of total construction work

Is This Answer Correct ?    29 Yes 5 No

How to calculate service tax in construction catatory..

Answer / shailesh chaure

Service tax is aplicabel only on commercial construction
but the residentel constrction was exempted from 29th
jan.2009 vid circular no.108/02/2009-st issued by central
board of excise and customs. and the Service tax Rate now
is 10.3%

Is This Answer Correct ?    31 Yes 9 No

How to calculate service tax in construction catatory..

Answer / johan

service tax is mainly charged by the service provider and
tax will be deposited in treasury or bank.

Is This Answer Correct ?    20 Yes 1 No

How to calculate service tax in construction catatory..

Answer / pardeep mittal

service tax is applicable in both conditions

Is This Answer Correct ?    27 Yes 9 No

How to calculate service tax in construction catatory..

Answer / vipin gupta

33.33% of Gross Receipt .i.e taxable turnover
then tax rate are applicable 10.30%
Exemple : receipt 100000
33.33% on receipt 33330

TAX ON TTO @ 10.30% 3433

Is This Answer Correct ?    11 Yes 2 No

How to calculate service tax in construction catatory..

Answer / harjeet singh

33% of Gross Receipt .i.e taxable turnover
then tax rate are applicable 10.30%
Exemple : Gross receipt 100000

33% on receipt 33000

Service Tax @ 10.30% 3399

Is This Answer Correct ?    7 Yes 1 No

How to calculate service tax in construction catatory..

Answer / madan

serive tax is applicable on commercial building @ 10.30% on
the total sale of construction work

Is This Answer Correct ?    16 Yes 15 No

How to calculate service tax in construction catatory..

Answer / sanjay mohite

33 % of gross receipt i.e. 100000 including service tax amount

@ 10.30%

33% of Rs.100000/- = 33000/-

but this 33000/- include service tax

= how we calculate actual service tax pl .tell me formula

Is This Answer Correct ?    2 Yes 1 No

How to calculate service tax in construction catatory..

Answer / shylaja

take 12.36% of collectable value of building

Is This Answer Correct ?    5 Yes 7 No

Post New Answer

More Taxation Interview Questions

What is the difference where sales accounted exluding and including of vat, octrai, other taxes?

1 Answers  


My unit is a manufacturing unit and deals in Auto-parts and registered in Central Excise,Service Tax and Sales Tax. Now,we intend to import machines in the company for sale them in Local market.What procedures we have to follow for the aforesaid purpose?

0 Answers   Emco,


What is the difference between Sales Tax and VAT?

2 Answers  


When private limited company liable to pay service tax???????

1 Answers  


If service provider is a residence complex developer (having apartment) and he receives amount inclusive of tax than how service tax will be calculated on amount received give some example

1 Answers  






WHEN I AM DOING 1ST TIME VAT RETURN E-FILLING, WHAT IS PROCESS FOLLOW HOW GET E-RETURN FILLING PERMISSION HOW APPLY FOR GET THE USER I.D & PASSWORD FOR E-RETURN FILLING IF ELSE, PLEASE GIVE ME THE RIGHT ANSWER ON MY E-MAIL ADDRESS ON sonidilip87@yahoo.com

0 Answers  


A SUPPLIER FROM GUJARAT IS ASKING 15% CST AGAINST SUPPLYING OF LIFT IN PUNE (MAHARASHTRA) IS IT APPLICABLE OR NOT?

2 Answers   Nitin Art Infrastructure,


HOW CALCULATE PARTERNERSHIP FIRM INCOME TAX ON NET PROFIT.

0 Answers   TCS,


SELLER A : has a w/house in chennai and bangalore both and the BUYER B is based in chennai. SELLER A carries stock in both the locations. Can BUYER B buy who is based in Chennai request purchase from Bangalore through C-form .. and if so will there be any obligation on the Seller A

0 Answers   IR,


Apply for TDS certificate in bank for rent purpose is wrongly entry as 94C instead of 94I. Is any problem?

0 Answers  


D form isse quartly or yearly by gov.?

2 Answers  


What is means by ESI ? How to calculate ESI ? ESI challan or form No. ?

7 Answers   Buzzworks Business Services, Reliable Hitech Infrastructure Private Limited,


Categories