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Service Tax on Construction

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Construction Industry be Careful: Budget overrides Delhi HC Judgment- Suresh Kumar Bansal

Service Tax : Amid of all this steps an amendment has also been made under service tax laws relating to valuation of Construction Service. The r...

February 7, 2017 7797 Views 3 comments Print

Service Tax on Construction Industry – A compilation

Service Tax : Under the new regime of service tax i.e after 01.07.2012 service tax on construction service is explained u/s 66 E(b) i.e. declare...

August 27, 2016 68417 Views 7 comments Print

Service Tax on Real Estate / Construction Services

Service Tax : Decision given by Delhi High Court is for a period prior to July 2012. From July 2012 with introduction of Negative List, all the ...

June 24, 2016 38143 Views 4 comments Print

Decoding HC Judgment: Service tax on Under Construction Flats

Service Tax : CA Nikhil M. Jhanwar Decoding Judgment of Delhi HC on Service tax in case of Under-Construction Flats Real estate industry has bee...

June 18, 2016 9091 Views 1 comment Print

4 Amazing tax planning that you must look out for

Service Tax : We have a lot of verdicts and planning’s as discussed above, but due to the length constraint of a single article, we will be sh...

June 17, 2016 16462 Views 3 comments Print


Latest News


Mere transfer of title in immovable property is exempted from Service Tax

Service Tax : No Service Tax on Transfer of Immovable Property if entire consideration received after issue of Occupancy Certificate. In order t...

October 27, 2015 3601 Views 0 comment Print

HC upholds decision to levy service tax on flat, shop construction

Service Tax : In a decision that might have an impact on realty prices, the Bombay High Court has upheld the decision of the Union government to...

January 23, 2012 4310 Views 0 comment Print

Service tax on construction- Gujarat HC issues notice to Centre on service tax

Service Tax : A division bench of the Gujarat high court, headed by chief justice SJ Mukhopadhaya, has issued notices to the Union finance minis...

November 30, 2010 327 Views 0 comment Print

HC grants interim stay on Service Tax levy on buildings under construction

Service Tax : The Maharashtra Chamber of Housing Industry (MCHI) has said it is hopeful of an early decision on the service tax issue. The secon...

August 18, 2010 447 Views 0 comment Print

Builders likely to challenge imposition of service tax on flats under construction in court

Service Tax : Builders are all set to legally challenge the imposition of the service tax levied by the Centre on flats under construction. The ...

July 11, 2010 1229 Views 0 comment Print


Latest Judiciary


Classification of Construction Services under Works Contract: CESTAT Ruling

Service Tax : CESTAT Ahmedabad ruled that construction of new buildings or civil structures as turnkey projects falls under Works Contract Servi...

August 9, 2023 1770 Views 0 comment Print

Delhi HC Judgment on Construction of Complex Service- A Review

Service Tax : Thus, while the legislative competence of the Parliament to tax the element of service involved cannot be disputed but the levy it...

June 3, 2016 16075 Views 3 comments Print

Bombay High Court stays collection of Service Tax levied on buildings under construction

Service Tax : The Bombay High Court has granted an interim stay on collection of Service Tax levied on buildings under construction, following a...

July 23, 2010 5277 Views 0 comment Print

Constitutional validity of amendment made by Finance Act, 2010 to construction services challenged

Service Tax : Construction of a complex intended for sale by the builder before, during or after construction is deemed to be a service provided...

July 23, 2010 547 Views 0 comment Print


Latest Notifications


Reg. POT for Valuation of flats given to Landowners for levy of Service Tax

Service Tax : According to the CBEC Education Guide on Taxation of Services, 2012 value of construction service provided to such land owner will...

January 20, 2016 9907 Views 0 comment Print

Service Tax on Redevelopment & Slum Rehabilitation Project (SRA), Floor rising charges

Service Tax : It has been 'mentioned that many builders charge additional amount known as "floor rise charges" in addition to the normal sale p...

September 8, 2012 22195 Views 4 comments Print


Service Tax Provisions for Builders & Developers

July 3, 2010 156609 Views 124 comments Print

The issue of the imposition of service tax on construction and sale of residential property has long been a matter of concern for the real estate and construction industry as well as for buyers of such residential property. It has gained much prominence after Budget 2010 because of significant amendment made therein towards taxability of sale of flats under service tax.

Under-construction properties get costlier from 1st July 2010

July 2, 2010 306 Views 0 comment Print

Costs rise from 1st July 2010 for buyers of under-construction properties due to the imposition of a service tax on builders. Last week, the Central Board of Excise and Customs notified that a service tax of 10 per cent would be levied on the gross value (Excluding abatement) of a housing property under construction from July 1. Only properties built under the Jawaharlal Nehru National Urban Renewal Mission and the Rajiv Awaas Yojana would not be taxed.

Service Tax on Builder-Amendments effective from 1st July 2010

June 26, 2010 21628 Views 0 comment Print

The following major changes have been made for real estate builders post the Finance Act 2010, which are made applicable from 1.7.2010. It may be noted that the said amendments would be effective only from this date onwards. The following are these amendments:

Service Tax on Construction of Residential & Commercial Premises – FAQ

June 26, 2010 67815 Views 0 comment Print

What changes have been effected by the Finance Bill, 2010 with respect to construction of commercial / industrial premises and residential complexes?Following changes have been carried out by the Finance Bill, 2010.

Sale of under construction houses to attract service tax from July 1 2010

June 26, 2010 288 Views 0 comment Print

Those looking to book a house should do so before July 1. All sales of under-construction houses from July 1 will attract service tax with the finance ministry notifying tax on new services. Sale of immovable property will be deemed to be taxable unless entire consideration is paid after the issuance of completion certificate by a competent authority. However, service tax will be levied only on 25% of the gross sale value of property .

ICAI suggests three methods for calculation of service tax on construction activities

May 6, 2010 2082 Views 0 comment Print

The Institute of Chartered Accountants of India (ICAI), the accounting regulator, is looking to consult with the finance ministry to simplify the structure of service tax on construction activities and push three methods of calculating the tax.

Low-cost housing (property up to Rs 20 lakh) segment would be exempted from service tax

May 1, 2010 807 Views 0 comment Print

Finance Minister Pranab Mukherjee’s decision to increase the tax concession on construction of real estate complexes from 67 per cent to 75 per cent of the gross value of property, including land value, has been welcomed by the industry and analysts.

Finance Bill 2010-11: Construction Industry gets service tax concession

April 30, 2010 1223 Views 0 comment Print

In a relief to realty sector and home buyers, Finance Miniser Pranab Mukherjee on Thusday announced tax concessions to the construction sector, which was brought under the ambit of service tax in this year’s Budget.

Builders Association submitted its concern over imposition of service tax

April 15, 2010 342 Views 0 comment Print

The Confederation of Real Estate Developers’ Associations of India (CREDAI) further questioned the issue of service tax being brought out at a time when the goods and service tax is expected to be introduced in 10-12 months and has submitted to the Ministry of Finance, a representation on the provisions of the Finance Bill, 2010.

ICAI asked for exclusion of land value from proposed service tax on the realty sector

April 9, 2010 225 Views 0 comment Print

Accounting regulator ICAI has called for excluding land value from the proposed service tax on the realty sector, saying land is a state subject. “When a prospective buyer makes an advance payment to the builder against booking of a specified unit in a building, that part also includes a price towards the land on which the building is being constructed and treating the entire amount being paid by the prospective buyer to the builder would amount to imposing a tax on transfer of land which is a state subject,” ICAI said.

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