Service tax on Under construction flat sold

This query is : Resolved

Dhiraj Bagri (Querist)
Follow

23 May 2011 Dear Sir / Madam,

I have bought an Under Construction flat and want to sell it to Individual third party. Flat is still in under construction.

Now what would be the service tax liability and who would have to bear it as agreement has been executed keeping the developer as confirming party?

Thanking you

Guest

Guest (Expert)

24 May 2011 Service tax being an indirect tax is paid by the developer but burden is borne by the buyer. whatever tax is paid till date is your cost and any tax paid susequent to sale will be borne by the buyer.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

N N V Satish

Pushkar Nagda

Subbiah S

Suneel Shah

AKCJ INFO

Subscribe Now

Service tax on Under construction flat sold

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

Senior Executive

CA Final

Manager- Finance and Compliance

GST CONSULTANT

Accountant