If i purchase villa from builders in under construction stage please let us know service applicable @ 3.71% or not. Because this is single unit please advise.
27 May 2015
If any property is being purchased while in the construction stage it will be subjected to service tax. Declared list covers the activity of construction , where the property is sold and the entire consideration is received after receiving the completion certificate from the competent authority, only then it will be excluded from the service tax and not otherwise.
CAclubindia
