Posts Tagged ‘webdesign’

Building Services Contractors

building services contractors
we are building contractors what type of service taxes are applicable on us?

Service Tax is only one all over India as it is collected by Central Excise & Service tax department of Ministry of Finance of Government of India.
It is levied on Construction of Residential Complex and also on commercial or industrial construction service which is defined as under:
“residential complex” means any complex comprising of —
(i)a building or buildings, having more than twelve residential units;
(ii)a common area; and
(iii)any one or more of facilities or services such as park, lift, parking space, community hall, common water supply or effluent treatment system,
located within a premises and the layout of such premises is approved by an authority under any law for the time being in force, but does not include a complex which is constructed by a person directly engaging any other person for designing or planning of the layout, and the construction of such complex is intended for personal use as residence by such person.
  Explanation. — For the removal of doubts, it is hereby declared that for the purposes of this clause, —
(a)“personal use” includes permitting the complex for use as residence by another person on rent or without consideration;
(b)“residential unit” means a single house or a single apartment intended for use as a place of residence.
Further, it is also levied on
) “construction of complex” means —
(a)construction of a new residential complex or a part thereof; or
(b)completion and finishing services in relation to residential complex such as glazing, plastering, painting, floor and wall tiling, wall covering and wall papering, wood and metal joinery and carpentry, fencing and railing, construction of swimming pools, acoustic applications or fittings and other similar services; or
(c)repair, alteration, renovation or restoration of, or similar services in relation to, residential complex;
(25b) “commercial or industrial construction service” means —
(a)construction of a new building or a civil structure or a part thereof; or
(b)construction of pipeline or conduit; or
(c)completion and finishing services such as glazing, plastering, painting, floor and wall tiling, wall covering and wall papering, wood and metal joinery and carpentry, fencing and railing, construction of swimming pools, acoustic applications or fittings and other similar services, in relation to building or civil structure; or
(d)repair, alteration, renovation or restoration of, or similar services in relation to, building or civil structure, pipeline or conduit,
which is —
(i)used, or to be used, primarily for; or
(ii)occupied, or to be occupied, primarily with; or
(iii)engaged, or to be engaged, primarily in,
commerce or industry, or work intended for commerce or industry, but does not include such services provided in respect of roads, airports, railways, transport terminals, bridges, tunnels and dams.
However, the liability to pay service tax is only on 33% of value of contract.The rate of service tax is 12.24%.Refer to Notification No.1/2006 on the link below:

http://allindiantaxes.com/st_noti_2006_main1.php

Kitchen Remodeling Pasadena High Class Builders is a full-service contractor (877) 676-7494