service tax on barter system

This query is : Resolved

mohsin balwa (Querist)
Follow

10 October 2016 we are the contractor and constructing the building on barter system, means we are not getting any consideration by cheque or cash but we get the flat s against the work and we sell that flat to the customers and we get the fund from that flat now my query is, 1. are we have rights to collect the service tax from cutomers 2. if yes then who is liable to paid service tax to the government, Developers or contractor Note :- we already paid service in work contract as per 5% scheme at the time of billing

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

10 October 2016 you will be selling the flat, as per your requirement....so no service tax on sale of flat.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

10 October 2016 1 If you are selling the flats after completion certificate no need to collect service tax.
2 If you are getting the flat before completion certificate from developers the developers are liable to pay service tax to govt.

mohsin balwa

mohsin balwa (Querist)
Follow

11 October 2016 thanks for your valuable advice.

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

12 October 2016 you are most welcome.

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

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

Dhananjay Singh

Hmr Babu

Mikilesh Shah

CA Jyoti Singh

Phani

Subscribe Now

service tax on barter system

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

GST CONSULTANT

Manager- Finance and Compliance

GST CONSULTANCY

CA Final

Article Assistant