Service tax applicability to individual developing flats
This query is : Resolved
21 April 2016
Hi All,
Please advice on applicability of Service Tax to an Individual who is developing Flats on his own property. Individual is doing business of wholesales and is not covered under tax audit. He is also not registered as business in building.
Regards,
Please advice on applicability of Service Tax to an Individual who is developing Flats on his own property. Individual is doing business of wholesales and is not covered under tax audit. He is also not registered as business in building.
Regards,
21 April 2016
Service tax applicable on 30% value of flats constructed and sold before completion.
21 April 2016
Thanks sir, That means if flats are sold after construction no Service Tax is applicable, right?
22 April 2016
Yes, it is sold after obtaining completion certificate.
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