One of my party i.e. ABC (prop. firm) is providing
repairing/alteration service relating to Comm.
Construction.. (not new construction), they have provided a
repairing/alteration service to one co-op. bank...i.e.
XYZ………. At the time of audit by central excise dept.,
officers has asked/directed to bank to pay the service tax
by the ABC (for year 07-08 & 08-09)..... Now, my question
is …..:Is my Party ABC liable to pay the service tax ?
Answers were Sorted based on User's Feedback
Answer / vsharma
Nope, if turnover of abc party does not cross the limit
specified by the service tax department for that particular
year, abc needs not to take service tax number as well as
is not liable to pay service tax.
| Is This Answer Correct ? | 1 Yes | 0 No |
service tax and vat,both is possible on one item
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I had purchased a plot in Nov. 2002 for Rs 18lacs and spent about 20Lacs on its construction. Property is jointly owned by me with my husband in the ratio of 1/3:2/3. I am selling this property for 3cr. How much capital gain I/we have to pay? And can it be set off by purchasing new residential property? If so, can we purchase two separate residential properties, one in my name and one in the name of my husband, which could cover the capital gain amount. Can we do so or it is only purchase of one residential property against which capital gain can be set off. Please clarify.....