Service tax on flat purchase
This query is : Resolved
18 February 2013
Hello Sir,
My Brother booked a flat which is currently in under construction status. I have paid almost full amount to the builder and only registration is awaited. My query is...
1. Even though the sale deed is not registered yet and payments/ considerations made in advance to the builder, will it still attract Service Tax..?
2. Also Builder says if you register the agreement after CC/OC received by Authority to the builder...you do not need to pay service tax, but penalty applicable....?
Please clarify...
BR
Prashant Sawant
My Brother booked a flat which is currently in under construction status. I have paid almost full amount to the builder and only registration is awaited. My query is...
1. Even though the sale deed is not registered yet and payments/ considerations made in advance to the builder, will it still attract Service Tax..?
2. Also Builder says if you register the agreement after CC/OC received by Authority to the builder...you do not need to pay service tax, but penalty applicable....?
Please clarify...
BR
Prashant Sawant
18 February 2013
If you paid money for under constructed flat, you will be liable to pay service tax, irrespective of the fact that you made regn after CC.
(views are personal)
Nilesh
(views are personal)
Nilesh
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Inventory of finished goods
- Tds on building rent monthly
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- RCM INVOICING FROM NOV-2024
- Disallowance of Section 43B(h) to sez units
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- GST Regis.
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Confusion around Form 26QB fields
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
