Builder Related
This query is : Open
02 June 2011
If some complex has 10 residential unit and 5 commercial units, then builder is liable to service tax?
Second Question : Suppose out of 14 residential units in particular project, 10 units are sold by installments under which payments are made during construction phases, but 4 units are sold after getting completion certificate, then builder is liable to service tax?
Second Question : Suppose out of 14 residential units in particular project, 10 units are sold by installments under which payments are made during construction phases, but 4 units are sold after getting completion certificate, then builder is liable to service tax?
02 June 2011
I - It Depends on How Local Authority treats Such Complex
II - Yes , it is Liable To Service Tax , Only way ST would not be Applicable is When All the amount is received after Completion of Construction as Per Certificate issued by competent authority.
II - Yes , it is Liable To Service Tax , Only way ST would not be Applicable is When All the amount is received after Completion of Construction as Per Certificate issued by competent authority.
02 June 2011
Thanks Mr. Ankit.
In first answer u said "It Depends on How Local Authority treats Such Complex". Here would u clarify how local authority clarify us the way it treats such asset. Local authority may treat it as residential-cum-commercial complex, then in that situation what should we do?
And would u pls. intimate me your email ID? mine is tejasinvites@gmail.com
In first answer u said "It Depends on How Local Authority treats Such Complex". Here would u clarify how local authority clarify us the way it treats such asset. Local authority may treat it as residential-cum-commercial complex, then in that situation what should we do?
And would u pls. intimate me your email ID? mine is tejasinvites@gmail.com
01 August 2011
Thanks Mr. Ankit.
In first answer u said "It Depends on How Local Authority treats Such Complex". Here would u clarify how local authority clarify us the way it treats such asset. Local authority may treat it as residential-cum-commercial complex, then in that situation what should we do?
And would u pls. intimate me your email ID? mine is tejasinvites@gmail.com
In first answer u said "It Depends on How Local Authority treats Such Complex". Here would u clarify how local authority clarify us the way it treats such asset. Local authority may treat it as residential-cum-commercial complex, then in that situation what should we do?
And would u pls. intimate me your email ID? mine is tejasinvites@gmail.com
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