Service tax input on under construction villa is allowed

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 May 2012 Dear Sir,
I have booked a Villa with a builder as per contract builder will handover the villa to me in 2015 Dec and payment term is construction linked plan.

Now i already paid him 25% payment and he charged service tax on this payment.

Villa booked in the name of Company and Company is registered as service provider.

This Villa will be used as guest house of company.
I have following queries in this regard:-

- Can i take CENVAT of service tax paid to builder.

- What will be base for service tax input as building is under consturction and i have paid 25% payment.

- or i can tax service tax input on completion of villa ( consolidated)

- Total Service tax amount will be around 15-16 L

Please advise

Regards

Querist : Anonymous

Querist : Anonymous (Querist)

04 July 2012 can any one have any perfact answer

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