On property sale by builder, is there any service tax on the builder? If so, brief summary please.
@rinssss
(ca)
(119 Points)
Replied 15 June 2013
Nirav Worah
(CHARTERED ACCOUNTANT)
(396 Points)
Replied 16 June 2013
abanerji
(81 Points)
Replied 16 June 2013
| Originally posted by : Nirav Worah | ||
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If whole consideration is recieved after the receipt of completion certificate then there is no service tax liability and it is a pure sale trasnsaction. |
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Thanks Nirav, for your response. Rightly mentioned by you. I think the operative phrase is "under construction property", which attracts ser-tax.
Wish you the best for your exams.
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