Service tax exemption cap for commercial construction limits taxable value to a proportion of gross charges, subject to exclusions. Exemption limits service tax on commercial or industrial construction service by exempting tax in excess of that calculated on a value equivalent to thirty-three per cent of the gross amount charged; the exemption is unavailable where Cenvat credit has been taken, where benefit under the earlier notification has been availed, or where the services are only completion and finishing works. 'Gross amount charged' includes the value of goods and materials supplied, provided or used by the service provider.
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Provisions expressly mentioned in the judgment/order text.
Service tax exemption cap for commercial construction limits taxable value to a proportion of gross charges, subject to exclusions.
Exemption limits service tax on commercial or industrial construction service by exempting tax in excess of that calculated on a value equivalent to thirty-three per cent of the gross amount charged; the exemption is unavailable where Cenvat credit has been taken, where benefit under the earlier notification has been availed, or where the services are only completion and finishing works. "Gross amount charged" includes the value of goods and materials supplied, provided or used by the service provider.
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