02 June 2011
If some complex has 10 residential unit and 5 commercial units, then builder is liable to service tax? Second Question : Suppose out of 14 residential units in particular project, 10 units are sold by installments under which payments are made during construction phases, but 4 units are sold after getting completion certificate, then builder is liable to service tax?
02 June 2011
I - It Depends on How Local Authority treats Such Complex
II - Yes , it is Liable To Service Tax , Only way ST would not be Applicable is When All the amount is received after Completion of Construction as Per Certificate issued by competent authority.
In first answer u said "It Depends on How Local Authority treats Such Complex". Here would u clarify how local authority clarify us the way it treats such asset. Local authority may treat it as residential-cum-commercial complex, then in that situation what should we do? And would u pls. intimate me your email ID? mine is tejasinvites@gmail.com
In first answer u said "It Depends on How Local Authority treats Such Complex". Here would u clarify how local authority clarify us the way it treats such asset. Local authority may treat it as residential-cum-commercial complex, then in that situation what should we do? And would u pls. intimate me your email ID? mine is tejasinvites@gmail.com
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