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
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
CAclubindia
