Service tax on builders of residential complex
This query is : Resolved
20 September 2016
One block of a residential group housing complex of 4 blocks has been completed and few flats have been registered in favour of the purchasers who have paid service tax to the builder during construction stage and at time of registration. No OC/ Completion Certificate has been issued to builder. My query is:
1.Will further new sale of flat in the same completed block will attract service tax or an exemption can be taken citing date of registration as completion date?
1.Will further new sale of flat in the same completed block will attract service tax or an exemption can be taken citing date of registration as completion date?
20 September 2016
No service tax applicable on flats purchased after issue of completion certificate.
20 September 2016
Completion Certificate not received but possession and registration completed of some flats. Can flat registration date be treated as 'date of completion' of the tower and further sales in the same tower will not attract service tax in absence of 'Completion Certificate' by a Government authority? Further can a Completion Certificate issued by a registered surveyor, architect will serve the purpose?
20 September 2016
Yes completion certificate issued by registered surveyor/architect will serve the purpose.
20 September 2016
Fresh bookings in the same building will not attract service tax after taking CC from registered surveyor right?
20 September 2016
Yes you are right....................
20 September 2016
Thanks a lot. Regards,
Prabhat
Prabhat
20 September 2016
Sorry to open the discussion again. The Act says that the Completion Certificate is to be issued by a Competent Authority. Can a non govt body like a registered surveyor be considered as a Competent Authority?
20 September 2016
Yes he can be considered as competent authority.
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