Point of taxation on construction of residential complex
This query is : Resolved
20 January 2014
Let me know the point of taxation on construction of residential complex for Promoter or Developer.Buyer paid 30% of flat value as advance on agreement, after completion of some work he paid another 30% and after completion of flat on registration date he paid balance 40%. Let me know whether promoter paid service tax on receipt basis or 100% of the flat amount on agreement. Also funish how much service tax liable in this case.
20 January 2014
Hi
If Agreement for sale is entered before issuance of completion of certificate then ST to be paid on total agreement value.
Thx
If Agreement for sale is entered before issuance of completion of certificate then ST to be paid on total agreement value.
Thx
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