Agreement for premises registered when building was under construction. Possession wis being taken after Occupancy Certificate is received. Is service tax applicable on possession charges paid?
Replies (3)
Quick Summary
This discussion explores whether Service Tax is applicable to possession charges when a property agreement was made in 2012, while the building was still under construction. The key question is whether these charges are taxable when possession is taken after receiving the Occupancy Certificate, particularly considering the transition from Service Tax to GST.