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
CCI
Pro
CAclubindia
