Service tax liability.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 September 2016
I m builder & Developers my project is on going. I made agreement with buyer of flats & received 15 to 20% Value of flats from buyers.my question is that on which value I will liable of service tax? i.e.Agreement value of flats or 15 to 20% value of flats which is received?
CA R SEETHARAMAN
(Expert)
24 September 2016
You are liable for service tax on the amount paid 15 to 20% value of flats. Pay service tax on the part payments as and when received.
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