Service tax on Under construction flat sold
This query is : Resolved
Dhiraj Bagri
(Querist)
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
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- Nursery business
- Working on Gold wastage during Melting of old gold jewellery
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST input credit on commercial property
- ETDS return q4 25-26
- Gift to nri relatives residing in usa
- Intimation under section 245
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- 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
- Tally: Imported bank entries do not show up in manual 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
