Service tax on construction of flats
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 May 2013
DEAR EXPERTS
IF THE MEMBERS OF THE SAME FAMILY CONSTRUCT THE COMPLEX AND FLATS FOR SALE ON THEIR JOINT LAND WITHOUT ENGAGING ANY BUILDER OR CONTRACTOR. WHAT IS THE APPLICABILITY OF SERVICE TAX.
FURTHER IF THEY RECEIVE ONLY BOOKING CHARGES IS THE SERVICE TAX ATTRACT ON SUCH ADVANCE / BOOKING CHARGES.
THANKS IN ANTICIPATION. PLEASE REPLY AT THE EARLIEST.
IF THE MEMBERS OF THE SAME FAMILY CONSTRUCT THE COMPLEX AND FLATS FOR SALE ON THEIR JOINT LAND WITHOUT ENGAGING ANY BUILDER OR CONTRACTOR. WHAT IS THE APPLICABILITY OF SERVICE TAX.
FURTHER IF THEY RECEIVE ONLY BOOKING CHARGES IS THE SERVICE TAX ATTRACT ON SUCH ADVANCE / BOOKING CHARGES.
THANKS IN ANTICIPATION. PLEASE REPLY AT THE EARLIEST.
19 May 2013
if any advance received before completion of construction then such construction for sale will be:
liable to service tax on the advance amount.
- section 66E(b) of service tax..
liable to service tax on the advance amount.
- section 66E(b) of service tax..
07 July 2013
If you sale the finished flats and do not accept any advance during construction from any person except loan from bank or other agency then no ST is applicable.
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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- TDS on Consultancy- Non DTAA
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- Rental income gst and it purpose
- Eway bill generation from place other than registeted
- GST rate and HSN code for sale of racing horses
- Management System (IMS)
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Condonation . E-Verification of last year return .
- 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
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
