Tax planning regarding service tax on builders
This query is : Resolved
28 November 2012
service tax shall be payable by builders, if booking amount is received before completion certificate of authority. my Client recived cash as booking amount. My client does not want to pay service tax so can any one tell me taxplaning for this issue?
28 November 2012
Dear friend,
For your case service tax should be paid at any cost defaulting results in violation of service tax provisions.
You can treat the booking amount as "advance received for sale' because sale of property will cover service tax provisions
For your case service tax should be paid at any cost defaulting results in violation of service tax provisions.
You can treat the booking amount as "advance received for sale' because sale of property will cover service tax provisions
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