Seeks to amend notification No. 26/2012- Service Tax, dated the 20th June, 2012, so as to make necessary amendments in the specified entries therein. - 02/2013 - Service Tax
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Service tax on construction for sale imposes differential tax rates depending on residential unit size or transaction value. Amendment substitutes entry 12 in Notification No.26/2012 to treat construction of a complex, building, civil structure or part thereof intended for sale as a taxable service where CENVAT credit on inputs has not been taken and the value of land is included in the amount charged; it prescribes differential tax rates for residential units meeting carpet-area or lower-amount criteria and for other cases, effective 1 March 2013.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Service tax on construction for sale imposes differential tax rates depending on residential unit size or transaction value.
Amendment substitutes entry 12 in Notification No.26/2012 to treat construction of a complex, building, civil structure or part thereof intended for sale as a taxable service where CENVAT credit on inputs has not been taken and the value of land is included in the amount charged; it prescribes differential tax rates for residential units meeting carpet-area or lower-amount criteria and for other cases, effective 1 March 2013.
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