Service tax on builders
This query is : Resolved
ashwin bhandari
(Querist)
14 June 2013
Builder is constructing a housing project consisting 7 buildings. He applied for part complition I.e. full complition of 2 buildings out of 7.
Now he is selling flats out of 2 complied buildings. Entire consideration is received after part complition. Whethr service tax is leviable on that sale?
Now he is selling flats out of 2 complied buildings. Entire consideration is received after part complition. Whethr service tax is leviable on that sale?
Sumit Grover
(Expert)
14 June 2013
For those two buildings(for which CC has been given by the Authority), no Service tax shall be levied, since you have mentioned that entire consideration has been received after completion.
But one things should be kept in mind, date of application for completion is not relevant. But what matters is when the CC has been actually given by the Audhority(usually local bodies).
But one things should be kept in mind, date of application for completion is not relevant. But what matters is when the CC has been actually given by the Audhority(usually local bodies).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Tax on Amount transferred in HUF Account
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
