Service tax on residential complex
This query is : Resolved
25 August 2012
Whether Service Tax is applicable on purchase of flats from the builder/owner, when construction got completed?
25 August 2012
yes builder can charge the service tax.
Guest
Guest
(Expert)
25 August 2012
If the buyer pays any amount towards consideration for purchase to the builder
before his obtaining completion certificate then it would be treated as deemed service & liable to service tax.
If no amount is received by builder/developer before obtaining completion certificate from the competent authority, the whole transaction is kept outside the purview of service tax.
If the buyer pays any amount towards consideration for purchase to the builder
before his obtaining completion certificate then it would be treated as deemed service & liable to service tax.
If no amount is received by builder/developer before obtaining completion certificate from the competent authority, the whole transaction is kept outside the purview of service tax.
26 August 2012
Ms. Neha's reply is more appropriate.
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