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
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