Servie tax on construction
This query is : Resolved
SURINDER SINGH
(Querist)
08 May 2012
I have paid Rs. 40 lacs to builder for purchase of a flat as follows
Rs. 10 lacs 31-12-2009
Rs. 10 lacs 30-06-2010
rs. 20 acs 30-06-2011
The builder is paying interest on rs. 40 lacs @ 12% P.A. But the builder is also deducting service tax @2.5 % on rs. 40 lacs .Is he justified for Service Tax deduction . if yes under which provision
Rs. 10 lacs 31-12-2009
Rs. 10 lacs 30-06-2010
rs. 20 acs 30-06-2011
The builder is paying interest on rs. 40 lacs @ 12% P.A. But the builder is also deducting service tax @2.5 % on rs. 40 lacs .Is he justified for Service Tax deduction . if yes under which provision
Aditya Maheshwari
(Expert)
08 May 2012
service tax on construction is applicable only in respect of advances received after 30th June, 2010.
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