Service tax on sale of immovable property

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 January 2016 If agreement to sale ( notarized not registered) of immovable property is done before completion certificate and registry is done after completion certificate, is there any liability towards service tax?

Ashish Chaudhary

Ashish Chaudhary (Expert)
Follow

14 January 2016 If advance (even if token amount) is received before completion certificate, it would be liable to service tax under declared service entry "construction of complex, building, civil structure or part thereof". ST on 25% value (if carpet area less than 2000 sq feet or amount charged for unit is less than 1 cr.) . Otherwise on 30% value.