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Service tax applicability to individual developing flats

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Nikhil Gupta

Nikhil Gupta (Querist)
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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,

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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21 April 2016 Service tax applicable on 30% value of flats constructed and sold before completion.

Nikhil Gupta

Nikhil Gupta (Querist)
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21 April 2016 Thanks sir, That means if flats are sold after construction no Service Tax is applicable, right?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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22 April 2016 Yes, it is sold after obtaining completion certificate.

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