Service tax on sale of flats
This query is : Resolved
28 January 2014
One of my clients is a builder. He builds residentail flats and sells them. Whether service tax is applicable for him? If so, under what head and what rates? Immediate reply will be helpful.
AVTAR SINGH
(Expert)
28 January 2014
Service Tax is applicable if any part money is received before completion of flat.
Rate of service tax is 3.71% in case the size of flat is over 2000 sq. ft. or sale price of flat is more than Rs.1crore. In other cases rate is 3.09%
Rate of service tax is 3.71% in case the size of flat is over 2000 sq. ft. or sale price of flat is more than Rs.1crore. In other cases rate is 3.09%
Message likes :
1 times
CA Suresh Jain
(Expert)
29 January 2014
Service tax is applicable as it come under the works contract service. To decide want route you should follow you should go through the valuation rules, abatement notification, RCM rules, CENVAT rules etc.
We provide Consultancy service and you may contact us
We provide Consultancy service and you may contact us
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
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Taxation of crypto futures in India Fy 2026- 2027
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Transfer of Physical Stock Between Two Proprietorship Concerns
- 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
- EPF ECR NEW RULES Sep 17th 2026
- 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?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
