Interested to Buy Any Domain ? << Click Here >> for more details...
How to calculate service tax in construction catatory
- 10 Answers
- 27704 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 |
i want know central excise duty codes with cess?
WE purchase Firewell for our office Rs.26500/- the vendor charge 5% vat on 26500=1325 and S.Tax 14.5% on 26500/- =3843 is it is possible please clarify
sub: salary tds 1) will financial year and assessment year apply for salary tds. ie if my employer is deducting tax then will it be for the last year or current year. 2) in case of assessment year,( example 1st april 2009 to 31 march 2010), why it is given as one year does it mean that the total year is meant for assessing and then when shall we pay the tax or file the returns??? 3) in case of assessment year 1st april 2007 to 31 march 2009, when should i stop assessing and start deducting the tax and when should i pay it to it dept
What is the difference beteen service tax & Excise Duty ?
There is a Service Bill of Rs.50,000 & Service Tax added 10.30% & We have to deduct TDS @ 2%. Assume that Service Tax Input Credit available to Ur Co. What is the Journal Entry for this?
23 Answers A Cube Solutions, HCL, Motorola,
What is mean by FBT (Fringe Benfit Tax)? How to calculate this?
how to know whether on a particular thing the tds is applicable
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?
Hello, i am rohit sharma. i want to ask you that i can taken credit input of sercice tax of telephone bill.
what is the method of work contract tax computation
WHAT IS THE TDS RATE ON FREIGHT
7 Answers ABC, Chartered Accountant, Ramky, Spk Software, VS,
What are the excise duties in our state?
Audit 
