20 January 2014
Let me know the point of taxation on construction of residential complex for Promoter or Developer.Buyer paid 30% of flat value as advance on agreement, after completion of some work he paid another 30% and after completion of flat on registration date he paid balance 40%. Let me know whether promoter paid service tax on receipt basis or 100% of the flat amount on agreement. Also funish how much service tax liable in this case.
CAclubindia
