Now 30% of the construction cost of a complex is liable for service tax.
Apr. 18, 2016
Government has again specified the a new rate (ie 30%) to be used for computation of service tax on construction of buildings, complexes and other civil structures. In fact, this is the 4th time since June 2012 that government has fixed a new rate. So, if the total construction cost of a building is Rs10Lac then Rs3lac (viz 30% of 10Lac) is chargeable to service tax. ie a total of Rs42000 (+ Rs1500 for swacch bharat tax) is due for service tax.