Service tax stay on buildings under construction vacated

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Service Tax application on Flat Sale confirmed by High Court of Bombay.

Among all the other Negative News floating in the market, this is one such news which would further dissuade the buyers from purchasing flats in under construction buildings. The High Court of Judicature at Bombay has dismissed the Writ Petition (Tax) filed by the Maharashtra Chamber of Housing Industry (MCHI) challenging the levy of Service Tax on pre-construction period.

Sources:

https://www.chsguru.com/2012/01/service-tax-application-on-flat-sale.html

 

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On 23 January 2012 at 17:34 Report
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Learning Tax
129 Points Joined July 2011

Oh my God, that's really a Bad News.

But I suppose, it is as per expectations.

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On 23 January 2012 at 17:44
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Learning Tax
129 Points Joined July 2011

Thanks for Sharing the News

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On 23 January 2012 at 17:46
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Learning Tax
129 Points Joined July 2011

Sir, I have heard that the MCHI is going for appeal at Supreme Court on the Judgment, is it correct?

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On 30 January 2012 at 20:51
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Dear Snehal,

I do not have any knowledge, if the MCHI is going for appeal or not.

But what I understand is that a Law once made is a Law in force & Courts cannot go beyond the Book of Law, unless & until if proper procedure is not followed while passing the said Law. 

https://www.chsguru.com/2012/01/service-tax-application-on-flat-sale.html

 

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On 06 February 2012 at 21:53
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ACA
113 Points Joined March 2010

Sir, Thanks for your Article.

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On 28 March 2012 at 20:04


CCI Pro

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