10 October 2016
we are the contractor and constructing the building on barter system, means we are not getting any consideration by cheque or cash but we get the flat s against the work and we sell that flat to the customers and we get the fund from that flat now my query is,
1. are we have rights to collect the service tax from cutomers
2. if yes then who is liable to paid service tax to the government, Developers or contractor
Note :- we already paid service in work contract as per 5% scheme at the time of billing
10 October 2016
1 If you are selling the flats after completion certificate no need to collect service tax. 2 If you are getting the flat before completion certificate from developers the developers are liable to pay service tax to govt.
CAclubindia
