The situation is that my client has booked a flat in a residential society under construction with a builder and has made partial payment for the same & also has paid the stamp duty as applicable during Feb 2010.
and as per the new finance bill as passed in the parliament, services of the builder is now covered under the service tax bracket.
Would be real help of your if you could tell me whether in my friends case, whether he'll be liable to pay the service tax?
11 March 2010
Brother as per new finance bill if any person is booking under construction flat after July 2010 on that time service tax would be applicable. prior that it is not taxable.
CAclubindia
