Service tax for real estate developer
This query is : Resolved
26 May 2012
Whether Real Estate Developer is liable to service Tax. If he develops his own properties (Residential & Commercial) and sells it.
Pratik Pankaj Shah
(Expert)
27 May 2012
Dear Nishit,
Real estate developer (RED)would liable for Service tax only when he receives certain amount of money prior to receipt of completion certificate otherwise not.
I understand from your query that RED has its own land and he would construct it for development purpose.
Real estate developer (RED)would liable for Service tax only when he receives certain amount of money prior to receipt of completion certificate otherwise not.
I understand from your query that RED has its own land and he would construct it for development purpose.
Soumitra Basu
(Expert)
27 May 2012
I agree with Mr. Shah.
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