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Service Tax - Started By: - jagannath prasad - Dated:- 17-11-2015 Last Replied Date:- 18-11-2015 - What should be the duty liability of recipient of service under RCM if he is a residential complex builder receiving service under if service value is 1,00,000. Will it be 50% of 12.36% of ( 25% of 1,00,000) in light of Explanation II of Not.No. 26/2012-S.T OR something else. Deptt. is insisting for 50% of (40% of 1,00,000). Please give your valuable advise. - Reply By ashish chaudhary - The Reply .....

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ation is received after issuance of completion certificate by the competent authority,- (a) for a residential unit satisfying both the following conditions, namely:- (i) the carpet area of the unit is less than 2000 square feet; and (ii) the amount charged for the unit is less than rupees one crore; 25 (i) CENVAT credit on inputs used for providing the taxable service has not been taken under the provisions of the CENVAT Credit Rules, 2004; (ii) The value of land is included in the amount charge .....

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