Budget 2013: Govt proposes compliance scheme for service tax defaulters
PTI: New Delhi, Feb 28 2013, 15:08 IST
a carpet area of 2,000 sq.ft. or more or of a value of Rs 1 crore or more from 75 per cent till now to 70 per cent, categorising them as high-end constructions where the component of 'service' is greater.
However, existing exemptions from service tax for low cost housing and single residential units will continue.
Moreover, Chidambaram also limited the benefit of full exemption of service tax to films exhibited in cinema halls.
Last year, at the request of the film industry, full exemption of service tax was granted on copyright on cinematography.
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