Hi,
I need help in knowing Service Tax and VAT rules. I purchased a flat in Pune . Date of agreement is 27-12-2010 .
My Builder asking me to pay Service Tax now that too in cash of something around 60k .
Please advise whether i am liable to pay the service tax.
Agreement value is 1700500 /-
Regards
Sunil Takhtani
9766932781
if completion certificate by authority is given after u hav purchased flat then builder will charge service tax otherwise not.....
Agreed with @ jeetendra
In your case, the issuance date of occupancy certificate by authority is important.
If you have purchased flats from builder after occupancy certificate issued by the authority to the builder, then there is no concept of levying service tax.
But, if you purchased the flats before the date of occupancy certificate issued, then the service tax is leviable on you by the builder
CAclubindia
