Service taxability on purchase of flat
This query is : Open
10 March 2014
Dear All Experts! I'm looking for your Your valuable views on the below mentioned topic.
I have purchased a flat measuring 700 Sq. ft super built-up area for Rs.14Lacs from a builder. Cost of Registry & Stamp Duty has been borne by me additionally.
The construction of the flat was completed before September 2008 & the Completion Certificate of the same was obtained from Kolkata Municipal Corporation by the builder on 30th September 2008.A copy of which has been provided to me by the builder.
I have made payments to the builder for the purchase of the flat in different spells starting from 31st January 2011 & the last payment was made on 1st January 2014 through Bank Home Loan.
I started residing on the flat from 1st January 2014 in respect to the possession letter received from the builder dated 26th December 2013.
Now the builder is claiming Service Tax @ 12.36% on 25% of the sale consideration value.
My question is-
1. Am I liable to pay Service Tax for the same purchase?
2. Is Service Taxability arise in this deal?
I have purchased a flat measuring 700 Sq. ft super built-up area for Rs.14Lacs from a builder. Cost of Registry & Stamp Duty has been borne by me additionally.
The construction of the flat was completed before September 2008 & the Completion Certificate of the same was obtained from Kolkata Municipal Corporation by the builder on 30th September 2008.A copy of which has been provided to me by the builder.
I have made payments to the builder for the purchase of the flat in different spells starting from 31st January 2011 & the last payment was made on 1st January 2014 through Bank Home Loan.
I started residing on the flat from 1st January 2014 in respect to the possession letter received from the builder dated 26th December 2013.
Now the builder is claiming Service Tax @ 12.36% on 25% of the sale consideration value.
My question is-
1. Am I liable to pay Service Tax for the same purchase?
2. Is Service Taxability arise in this deal?
11 March 2014
I'm waiting for the valuable opinion, Sir(s).
13 March 2014
Isn't there any one to share views on the mentioned topic.I am very much waiting for your precious suggestions.Plzzzzz advise.
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