Sharad Saini (Student) (286 Points)
11 June 2011hiiiii
whether property dealer is liable to service tax? which service??
they operates in 2 ways : one is simple by n sell and second is they helps u to buy/sell ur property n gets commission for the same ..... whether they r liable to service tax for this......????
Thanx in advance
rachit jain
(chartered accountant )
(635 Points)
Replied 11 June 2011
yes property dealer is liable to pay service tax under real estate service
tarak nath shaw
(Audit Clerks)
(45 Points)
Replied 12 June 2011
| Originally posted by : Sharad Saini | ||
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hiiiii whether property dealer is liable to service tax? which service?? they operates in 2 ways : one is simple by n sell and second is they helps u to buy/sell ur property n gets commission for the same ..... whether they r liable to service tax for this......???? Thanx in advance |
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THE PURCHASE AND SALE OF PROPERTY THAT IS DEALING IN PROPERTY IS A TRADING ACTIVITIES, THERE IS NO INVOLVEMENT OF PROVISION OF SERVICE TO ANY OTHER PERSON, HENCE THE QUESTION OF SERVICE TAX IS NOT ARISE.
THE SECOND THING IS THAT IF ANY PERSON HELPING THE OTHER PERSON TO BUY OR SELL THE PROPERTY THEN IN THIS CASE HE IS ACTING AS A REAL ESTATE AGENT UNDER THE MEANING UNDER SECTION 65(88) WHICH IS COVERED AS TAXABLE SERVICE UNDER SECTION 64(105)(v) OF THE FINANCE ACT 1994.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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