Interested to Buy Any Domain ? << Click Here >> for more details...
How to calculate service tax in construction catatory
- 10 Answers
- 28362 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
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 |
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 |
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 |
Answer / pardeep mittal
service tax is applicable in both conditions
| Is This Answer Correct ? | 27 Yes | 9 No |
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 |
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 |
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 |
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 |
Service tax rates
whether TDS is deducted on internet charges(leased line) and which section does it belong to and if it is applicable then what is the maximum exemption limit?
my yearly income was 260000/- for last year. & nw i get 295000 so how much income tax i hav to pay
what is deemed assessee?
Explain the Calculation of VAT ?
what is the Difference between Compound Sales and Deemed Sales?
PLEASE ANY BODY TELL WHT IS PRESENT RATES OF TDS AND HOW MANY TAXES ARE THERE PLEASE SEND ME THE ANSWER TO MY EMAIL ADRESS I WAITING FOR UR ANSERS
There is a sales return in the month of April'09, we didnot take input credit for such return. shall it possible to take now? what the time limit to take such sales return input credit in VAT?
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
what is diffrant betwwen exice duty & sale tax
What is the due date of P.Tax return filing for Staff? Yearly Tax amount with Rs. 30,000/-
What are the treatment & implications if party doesn't provide C Form in interstate sales transactions & also same if provide C Form.
Audit 
