Poonawalla fincorp
Poonawalla fincorp

Service tax on flat booking in under construction building

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 October 2012 Request you to kindly confirm if customer booked flat in under construction building & he is a investor than service tax need to be collected or not on advance received.
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CA AYUSH AGRAWAL

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CA AYUSH AGRAWAL (Expert)
20 October 2012 Yes, Service Tax is Chargeable after 75% Abatement.
It Doesnt Matter Whether Customer is Investor or Direct User.

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