Service tax on flat purchase
This query is : Resolved
18 February 2013
Hello Sir,
My Brother booked a flat which is currently in under construction status. I have paid almost full amount to the builder and only registration is awaited. My query is...
1. Even though the sale deed is not registered yet and payments/ considerations made in advance to the builder, will it still attract Service Tax..?
2. Also Builder says if you register the agreement after CC/OC received by Authority to the builder...you do not need to pay service tax, but penalty applicable....?
Please clarify...
BR
Prashant Sawant
My Brother booked a flat which is currently in under construction status. I have paid almost full amount to the builder and only registration is awaited. My query is...
1. Even though the sale deed is not registered yet and payments/ considerations made in advance to the builder, will it still attract Service Tax..?
2. Also Builder says if you register the agreement after CC/OC received by Authority to the builder...you do not need to pay service tax, but penalty applicable....?
Please clarify...
BR
Prashant Sawant
18 February 2013
If you paid money for under constructed flat, you will be liable to pay service tax, irrespective of the fact that you made regn after CC.
(views are personal)
Nilesh
(views are personal)
Nilesh
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
- CAPITAL GAIN BASE ON NOTIFICATION
- NRI starting business in India
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- Eway bill not cancelled within 24 hous what can be due
- EXPORT COMMERCIAL INVOICE HSN CODE
- Non-Compliance documents have not been submitted by the contractors debited
- TDS ON EMAIL DOMAIN SERVICE BILL
- Capital gain on sale and purchase of plot
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- 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
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
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
