Tax implications of construction service
Rajat Agrawal (Practising Company Secretary) (433 Points)
08 March 2013
2 Replies
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 08 March 2013
If you are purchasing a flat from a builder after receiving the completion certificate then you are not at all liable to pay ST to teh builder. However if you have purchase a under construction flat and are paying advances to the builder then you would be liable to pay ST to the builder.
However if you have hired a contractor/builder on your own to construct a flat/plot/bungalow for yourself then in this case there would not be any ST liability because you are constructing the premises for yourself and is not for sale.
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