Property service tax

Hello,

This is regarding purchase of 2 BHK flat.

Booking Date :- 28-Mar-11 Booking amount of 100000/- is debited from my account on 30-Mar-11

Builder Completion Certificate Date :- 31-Mar-11

Sale Agreement Date :- 11-Apr-11

Payment made after agreement :- Appro. 31 Lakhs.

Please confirm in above scenario do I need to pay service tax?

 

Thanks in advance !!

~Dinesh

 

 

 

Replies (2)

Service tax is charged on the amount  received before the date of completion certificate of the building.

.,Builder will charge service tax on Rs.1,00,000/- only as it is recd before 31st march ......

In such case you need to pay service tax to the builder.

Thanks a lot Akshay for reply !!

Could you please share any proof/document  for this? so that i can talk with my builder.

As of now builder asking me to paye service tax for agreement cost, i.e Approx. 31 Lakhs.

 

Thanks once again !!

 

Regards

Dinesh

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