Saturday, April 23, 2011

Taxable Services - CONSTRUCTION OF RESIDENTIAL COMPLEX SERVICES

2. CONSTRUCTION OF RESIDENTIAL COMPLEX SERVICES

*Constructn of such complex which is ENTENDED FOR SALE shall b DEEMED 2b a TAXABLE SERVICE UNLESS THE ENTIRE PAYMENT for property IS PAID BY THE BUYER AFTER THE COMPLETION of the Constructn.

*An option to pay s.tax on 25% is also given if gross amount INCLUDES VALUE OF LAND.

*Service NOT taxable when provided to JAWAHARLAL NEHRU NATIONAL URBAN RENEWAL MISSION and RAJIV AWAAS YOJNA

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