12 September 2012
in bulider case from 1-7-10 we are charging 10.3 service tax on reciepts basis on 01-jun-2011 we have recieved completion certifcate now after cc we have recvd some bal reciepts now we have to pay servic tax on it or not if pay at what rate we have to charged service tax and what is the ineterst and penalty we have charged on delay payment of service tax
12 September 2012
Service tax is to be paid only id advance is recieved from buyers in respect of the flat sold by you. If the Advance is recieved then service tax is to be paid eve on the balance amount receivable from the buyer. It is not taxable only where no advance is received
CAclubindia
