Service Tax

No Service Tax on homes upto 645 sqft carpet

3:30 PM

No Service Tax on homes upto 60 sq meters i.e. 645 sqft carpet


As per serial no 14(c) of Mega exemption Notification number 25/2015 dated 20 June 2012 – as a low- cost houses up to a carpet area of 60 square metres per house in a housing project approved by competent authority empowered under the ‘Scheme of Affordable Housing Housing in Partnership’ framed by the Ministry of Housing and Urban Poverty Alleviation, Government of India would not be liable for service tax.

It is a big boom for the affordable housing where smaller percentage is also big burden on home buyers. A 60 sq mtrs or 645 sq ft carpet or 970 sq ft built up areas is exempted from service tax.

Source:- Accommodation Times

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