Service tax for selling flat

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 September 2015 Dear sir
i am builders, i have made some flat. i want to know. should i charge ST on selling flat or not........

regard
subham raghav

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

11 September 2015 If you are selling fully completed flat no service tax payable. For under construction flat you should charge service tax.

Querist : Anonymous

Querist : Anonymous (Querist)

11 September 2015 Dear sir
yes in under construction. suppose the flat worth is rs 50 lacs the customer usually given advance when the flat is under construction...

as per my above query plz tell me how much ST should i charge and will it cover reverse charges...

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

11 September 2015 If the carpet area is less than 2000 sq feet charge service tax at 14% on 25% value of flat. No reverse charge applicable.

Querist : Anonymous

Querist : Anonymous (Querist)

11 September 2015 Dear sir, i have two following query regarding this.

(1) i have not taken contract for construct the flat. despite that i will charge ST on under construction flat (if received the payment from customer)

(2)you have earlier reply if i am selling complete flat then no ST will be applicable. but if the customer has booked the flat under construction why ST tax is applicable if the customer has booked the flat under construction after completing the flat he will pay the exact value of flat not more...

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

11 September 2015 1 Yes you have to charge service tax.
2 As per service tax provisions service tax applicable on under construction flats.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Mohammad Abdu Fayaz

Sidhartha sankar pillai

Anoop KK

Srikanthan S

Santosh Behera

Subscribe Now

Service tax for selling flat

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

CA Final

Accountant

Senior Executive

GST CONSULTANT

Manager- Finance and Compliance