Dear Friends,
We are builders. We construct flats & sale to parties. We have received advance from clients on various stages of construction. Whether we are liable to pay service tax on the amount received or not . If any exemption available to us please quote the notification no also.
Yes, money received in piecemeal basis during construction stage is Service Taxable subject to abatement claimed, which generally is not passed to the buyer.
Arpan Bohra & Co
Hyderabad
CA Inter
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Abic and Mani Chartered Accountants
Kottayam
B.Com
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HKC | Chartered Accountants & Business Advisors
Ludhiana
CA
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Shyam S Gupta and Company
New Delhi
CA Inter
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CCI
Pro
CAclubindia
