Construction of residential complex
This query is : Resolved
22 March 2012
According to the present law if a complex has less than 12 residential units then Service Tax is not applicable, therefore in this situation is it possible to collect an advance money before acquiring the CC Certificate.
In this case will Service Tax be levied if we collect advance money before acquiring CC Certificate for constructing a residential complex having less than 12 units.
In this case will Service Tax be levied if we collect advance money before acquiring CC Certificate for constructing a residential complex having less than 12 units.
23 March 2012
budget 2012 removed 12 units exemption. Now construction of one(single)house property is exempt from service tax
23 March 2012
Advance taken against any construction is not covered under service tax as it is not a sale as regards units then let us wait and watch the finalisation of the Budget 2012
24 March 2012
Budget is still not being passed and before passing the budget if an assessee construct a residential complex with less than 12 units and collect an advance money then whether service tax is leviable or not ??
25 March 2012
exemption is only when money received after issuance of completion certificate.
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