Construction of residential complex
This query is : Resolved
27 June 2012
A developer is constructing a 10 stroyed residential complex which is about 90% completed so in this case gross amount to be considered for charging Service Tax from its customers will be upon the remaining unfinished portion of building (i.e. 10%) or on the whole construction construction value of the building (i.e 100%).
27 June 2012
Dear Mr. Ravi,
If the amount is received in advance from the buyers then service tax would be paid to the government at the time of receipt of advance from such buyers.
However, If the amount is received after the compeltion of project then there would not be any service tax.
If the amount is received in advance from the buyers then service tax would be paid to the government at the time of receipt of advance from such buyers.
However, If the amount is received after the compeltion of project then there would not be any service tax.
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
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- Itr 1 processing
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- ITR returnFY25-26
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Bank Accounts in Balance Sheet for ITR 3
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
