I have booked and Paid 95% amount of the flat in Nov 2009 and Builder is asking for Service Tax on Balance 5% Payment and offered Possesion in Sep 2010. please let me know the exact ruling of servcie tax on this.
14 September 2010
Even the word "after" the completion certificate has been inserted by finance act,2010. That means any payment for service by builder before actual sale, will be deemed as service & accordingly liable to service tax.
CAclubindia
