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of <h1>Commercial Construction Services Get Service Tax Exemption Beyond 33% Charge with Conditions Under Finance Act, 1994</h1> The Central Government, under the Finance Act, 1994, exempts commercial concerns from service tax on commercial or industrial construction services beyond 33% of the gross amount charged. This exemption is void if the provider has claimed Cenvat credit on inputs or capital goods, availed benefits under Notification No. 12/2003-Service Tax, or if the services are limited to completion and finishing tasks. The 'gross amount charged' includes the value of goods and materials used. This notification was amended by subsequent notifications in 2005 and rescinded by Notification No. 2/2006-Service Tax.
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