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Service Tax

362 views 1 replies

Abbas

Manager

25 Points Joined May 2010

Hi,

In the current Finance bill, there was an introduction of service tax on real estate for properties unders construction. I have purchased a flat in Aug 2009 and also registration done in Aug 2009 which is still under construction, I already paid about 75% of the total sale value to the builder. Will I have to pay the service tax thats passed in this financial year, my flat will be ready in 2nd week of June 2010 even I purchased the property in Aug 2009? please help me on this subject.

Thanks in advance,

Best Regards

Abbas

Replies (1)

Jeevesh Mehta

Advocate- Corporate Commercial & Indire

861 Points Joined February 2009

Dear Abbas,

Under the latest ammendments and inclusions in the budget the constructer of a property can charge service tax on the considration charged from you if it is still under construction.

Service TAx in on the payment bases. If the builder is not charging Service TAx from you then its his headach.

You need not worry about it.

You may contact me at: 9811617186

Regards