Service tax applicability

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Service tax applicability
Query (Issue) Started By: - saravanan rengachary Dated:- 22-1-2016 Last Reply Date:- 26-1-2016 Service Tax
Got 7 Replies
Service Tax
Land owner enter an agreement with builder for building apartments. As a consideration, builder agrees to allocate few fully furnished flats to the land owner on free of cost. please let us know the applicability of service tax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... . regards Saravanan. Reply By KASTURI SETHI: The Reply: It is not free of cost. Service Tax is applicable on the value of a few fully furnished flats under Works Contract Service. Reply By vijay kumar: The Reply: Service tax is applicable in such cases since a taxable service i.e. construction service is involved. Valuation and point of taxation have been clarified by CBEC vide Circular No.1 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 51/2/2012 dated 10.2.2012, which is reproduced below: Circular No. 151 /2 /2012-ST F.No.332/13 /2011-TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs (Tax Research Unit) New Delhi, 10th February, 2012 To Chief Commissioner of Customs and Central Excise (All) Chief Commissioner of Central Excise & Service Tax (All) Director General of .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Service Tax Director General of Central Excise Intelligence Director General of Audit Commissioner of Customs and Central Excise (All) Commissioner of Central Excise and Service Tax (All) Commissioner of Service Tax (All) Reply By Ganeshan Kalyani: The Reply: Vijay kumar Sir's reply is now supported by TRU vide F.No.354/311/2015 dated 20.01.2016 stating that Circular No. 151/2/2012-ST d .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ated 10.02.2012 will prevail over Education guide. Hence I agree with Vijay Kumar Sir's reply. Reply By Mahir S: The Reply: Yes sir, agree to the Board Circular , as rightly quoted by Vijay Kumar ji. Reply By KASTURI SETHI: The Reply: Thanks to Sh.Ganeshan Kalyani, Sir. for latest information. Agreed with all the experts on this issue. Reply By Ganeshan Kalyani: The Reply: Thanks Kastur .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... i Sir for acknowledging my reply. Reply By surya narayana: The Reply: The views expressed by the learned friends are very clear. You may pl. refer the recent Board circular issued last week for clarification more specifically on valuation in the present scenerio. Regards Surya
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X