TMI BlogService Tax on DevelopersX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Experts, If developer purchase a land on which he can build 15 low cost houses upto 8 Lakh rupees each. Now he is planning to enter into land sale agreement first and then he will enter into construction agreement with different house purchaser. (1) Can he get service tax exemption of a single residence house designed for use for a single family under Service Tax rules ? and (2) if purchaser ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is taking subsidy approved from the bank under Pradhan Mantri Awas Yojana at the time of taking loan. in this case can developer get service tax exemption ?? Thank you - Reply By MARIAPPAN GOVINDARAJAN - The Reply = In my view you cannot get exemption. - Reply By KASTURI SETHI - The Reply = Dear Sir, Exemption has been granted to the following vide Notification No.9/16-ST dated 1.3.16 a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mending Notification No.25/12-ST. (v) in entry 13, after item (b), the following items shall be inserted with effect from 1st March, 2016, namely - (ba) a civil structure or any other original works pertaining to the In-situ rehabilitation of existing slum dwellers using land as a resource through private participation under the Housing for All (Urban) Mission/Pradhan Mantri Awas Yojana ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , only for existing slum dwellers. (bb) a civil structure or any other original works pertaining to the Beneficiary-led individual house construction/enhancement under the Housing for All (Urban) Mission/Pradhan Mantri Awas Yojana; ; I have not gone through terms and conditions of contract/agreement. You may examine the contract whether the activity is covered under this notification or n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ot. You may see whether you are - Reply By Mehul Pandya - The Reply = I have difficulty in interpretation that all 15 house will be purchased by different 15 families in that way is it called a single residence unit constructed for one family ? and exemption can be claimed ? - Reply By Mehul Pandya - The Reply = for your information sir, No agreement has been made till now. - Reply B ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y KASTURI SETHI - The Reply = Will you let me know your profile please? - Reply By Mehul Pandya - The Reply = Advocate - Reply By KASTURI SETHI - The Reply = Dear Sir, To avail exemption from ST in this case, builder/contractor must get permission from Govt. of India, Ministry of Housing Development, N.Delhi, See entry No.13 (ba) and (bb) in Notification No.25/12-ST as amended and go t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hrough the web-link given below. Pradhan Mantri Awas Yojana www.mhupa.gov.in/writereaddata/01_PMAY_ Guidelines... - Service Tax on Developers - Query Started By: - Mehul Pandya Dated:- 9-2-2017 Service Tax - Got 7 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanag ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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