Sale of bungalow
This query is : Resolved
Pramod Kumar Pankaj
(Querist)
16 March 2014
our co. sale bungalow in ready position. Bungalow was constructed from another contractor; he already charge service tax on work completed by them. Is our sale is liable for vat or service tax?
16 March 2014
If these are sold after getting certificate of completion it is a sale of immovable of property and no service tax or VAT would be applicable otherwise both may get attracted subject to other conditions.
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