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Purchase of flate

This query is : Resolved 

08 October 2012 Dear Sir,

I have a flate in the name of myself and my wife in an underconstruction building. The sale agreement was registered on 9/4/2012 after paying proper stamp duty. Payment to builder/devloper was done in instalments.
Previously builder/developer has not demanded Service tax.
On 22/9/12 we have paid one more instalment for which the buider is demanding service tax @3.09%

Kindly inform
1. Are we liable to pay service tax as sale deed already registered
2. Do we have pay service tax on full purchase price
3. others

Tks
lalit



08 October 2012 There is no liability for completed flats as that is a transaction in IP.

For incomplete flats the liability exists.



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