Do we have to pay service tax on fully constructed building while registration? Builder already had occupancy certificate.
1 Replies
K.RAJA
(Tax Consultant)
(217 Points)
Replied 31 July 2016
Rashmith,
Yes as per sec.66E of finance act 1994, construction of complex, building, civil structure or part thereof, including a complex or building intended for sale to a byuer, wholly or partly are declared services. Although where the entire consideration for such construction is received after issuance of certificate of completion by the competent authority, such construction would not attract the applicable of service tax.
Competent Authority means, The provisions of Sec.66E of the Finance Act, 1994 stae that means the Government or any authority authorised to issue.
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