Construction of residential complex
This query is : Resolved
27 June 2012
A developer is constructing a 10 stroyed residential complex which is about 90% completed so in this case gross amount to be considered for charging Service Tax from its customers will be upon the remaining unfinished portion of building (i.e. 10%) or on the whole construction construction value of the building (i.e 100%).
27 June 2012
Dear Mr. Ravi,
If the amount is received in advance from the buyers then service tax would be paid to the government at the time of receipt of advance from such buyers.
However, If the amount is received after the compeltion of project then there would not be any service tax.
If the amount is received in advance from the buyers then service tax would be paid to the government at the time of receipt of advance from such buyers.
However, If the amount is received after the compeltion of project then there would not be any service tax.
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