How to calculate service tax in construction catatory
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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 |
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