Tag Archives: valuation of flats

Valuation method for flats handed over to land owners by builders/ developers

Regarding valuation of flats for levy of Service Tax Valuation method for flats handed over to land owners by builders/ developers as recommended by Education Guide 2012 (Para 6.2.1) and the CBEC Circular No. 151/2/2012-ST dated 10.2.2012 are divergent in nature. According to the CBEC Education Guide on Taxation of Services, 2012 value of construction service provided… Read More »

CBEC clarify valuation of flats for levy of Service Tax

F.No.354/311/2015-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) 20th January, 2016 To, Principal Chief Commissioners of Customs and Central Excise (All) Principal Chief Commissioners of Central Excise & Service Tax (All) Principal Director Generals of Goods and Service Tax/System/CEI Director General of Audit/Tax Payer Services, Principal Commissioners/ Commissioners of Customs… Read More »