A builder has developed a multi storey building consisting of 12 residential flats. He has sold a few in pre-construction stage and others post completion.Can he or should he charge service tax on sale price of flats sold post completion? Is service tax leviable on post completion flats, in case some of the flats in the same complex were sold in pre construction period?
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Service tax on residential flats
Naveen Kumar Jain (Chartered Accountant) (640 Points)
28 September 2014