Service Tax
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Tanweer
May 30, 2011, 2:35:32 AM5/30/11
to Dwaraka_United_Against_NaikNavare
Naik Navare has started asking me for the additional service taxes.
Not sure, if any of you have looked into this.
the following link seems to be a good resource :
http://www.simpletaxindia.org/2010/07/service-tax-on-construction-service-wef.html
I have 2 points to make
* My understanding is that this tax is applicable only after July 1,
2010, and only for the portion of the service provided after that
data. We should not be paying taxes for the delay made by the builder.
In my case, I should have got the flats by March 2010 . So no tax
liability for me.
* I think there's another clause which says lower cost housings ( less
than Rs 20 lacs) are exempt from the service tax. This is to enable
middle class people to afford housing.
Please let me know your thoughts.
Tanweer
United Against NaikNavare
Not sure, if any of you have looked into this.
the following link seems to be a good resource :
http://www.simpletaxindia.org/2010/07/service-tax-on-construction-service-wef.html
I have 2 points to make
* My understanding is that this tax is applicable only after July 1,
2010, and only for the portion of the service provided after that
data. We should not be paying taxes for the delay made by the builder.
In my case, I should have got the flats by March 2010 . So no tax
liability for me.
* I think there's another clause which says lower cost housings ( less
than Rs 20 lacs) are exempt from the service tax. This is to enable
middle class people to afford housing.
Please let me know your thoughts.
Tanweer
United Against NaikNavare
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