Location/place: Bangalore
Name of company/service: Adithya Constructions
The Service tax computation given to us by the builders is as follows
Flat Value : 50.25 Lacs
Less Vat : 2.3 Lcas
Total value : 47.95 Lacs
Abatement : 75 %
Amount for Service tax calculation : 12 Lacs
Service tax @ 12.6 % = 1.24 Lacs
3. Prior to 1st July 2012 – above value of 1.24 Lacs was payable as service tax by us.
4. However after July 2012 – Cenvat credit has been made available to Builders / promoters for
New Flats sale. REFER
Notification 26072012- service tax.
However builder is not giving us any benefit cenvat credit to be availed by them and charging full amount from us.
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