Applicability of service tax on builders
This query is : Resolved
15 November 2011
Plz can anyone confirm whether service tax is attracted on balance payments received from customers after 01.07.2010 where the Residential project is completed before 1st july 2010, booking and registration made before completion of project i.e before the builder has got the completion certificate.
20 November 2011
As per second proviso to Rule 6 of Service tax Rules 1994:-
Provided further that notwithstanding the time of receipt of payment towards the value of
services, no service tax shall be payable for the part or whole of the value of services, which
is attributable to services provided during the period when such services were not taxable.
The above proviso has been omitted by NN 03 dated 01.03.11 wef 01.04.11.
In your case it appears that service tax will not attract.
If u r satisfied by my reply then say thanks by clicking on "THANK USER".
Provided further that notwithstanding the time of receipt of payment towards the value of
services, no service tax shall be payable for the part or whole of the value of services, which
is attributable to services provided during the period when such services were not taxable.
The above proviso has been omitted by NN 03 dated 01.03.11 wef 01.04.11.
In your case it appears that service tax will not attract.
If u r satisfied by my reply then say thanks by clicking on "THANK USER".
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- TAN for Partnership
- Last year TDS Claim
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- TDS related Query_Liquidated Damages
- What is provisional receipt number for generation of form 16A
- NON- SUBMISSION OF LLP FORM 3
- Long Term Service award taxability in hands of company
- Form 27Q Correction statement taking too long to update on IT Portal
- ITR selection for salaries and capital gain less than L
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
