28 May 2010
Say I am an estate builder. What shall be my Service tax applicability in the following cases : 1. I am undertaking a SRA Project. Is service tax applicable, if amounts are received and if not received from the slum dwellers who are allotted the flats in rehab building? 2. I am undertaking a re-development of old property. Is service tax applicable when units are allotted in exchange of old units occupied at concessional value or free or excess area allotted ?
Secondly in our line booking the flat prior hand & then cancellation of the same is very common. What is the applicability of law in such cases in case ST is already paid when the booking is first made.(under existing law & under provisions on budget 2010 proposals).
In case of above, if some booking is cancelled by one person & re-booked by another person within the same group & in this case cancellation is 100%. Then what can be done?
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