Abatement provisions – Amendment in Notification No. 1/2006-ST, dated 1-3-2006
Notification No. 29/2010-Service Tax, dated 22-6-2010
In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the Finance Act), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 1/2006-Service Tax, dated the 1st March, 2006, G.S.R. 115(E), dated the 1st March, 2006, with effect on and from the 1st day of July, 2010, namely :-
In the said notification, in the Table, after S. No. 7 and 10 and the entries relating thereto, the following S. No 7(a) and 10(a) and entries shall be inserted, namely:-
| (1) | (2) | (3) | (4) | (5) |
| “7(a). | (zzq) | Commercial or Industrial Construction | This exemption shall not apply in cases where the taxable services provided are only completion and finishing services in relation to building or civil structure, referred to in sub-clause (c) of clause (25b) of section 65 of the Finance Act.Explanation.- The gross amount charged shall include the value of goods and materials supplied or provided or used for providing the taxable service by the service provider.
This exemption shall not apply in cases where the cost of land has been separately recovered from the buyer by the builder or his representative. |
25”; |
| “10(a). | (zzzh) | Construction of Complex | This exemption shall not apply in cases where the taxable services provided are only completion and finishing services in relation to residential complex, referred to in sub-clause (b) of clause (30a) of section 65 of the Finance Act.Explanation.- The gross amount charged shall include the value of goods and materials supplied or provided or used for providing the taxable service by the service provider.
This exemption shall not apply in cases where the cost of land has been separately recovered from the buyer by the builder or his representative. |
25”. |
[F. No. 334/03/2010 -TRU]
I have purchased shop in vadodara(Gujarat). First two installement builder had not asked for service tax of particular installement. Now they asked for service tax @ 2.575 on each installment. So builder demand is valid. Pls suggest.
I had Agreement of my flat before 31 march 2010 and part payment was made on 10 july 2010 am I still liabile to pay service tax if yes thn at what rate
Thanks,
Sanjay