Service tax levied on builders & developers

Manoj Asher (Service) (99 Points)

13 September 2011  

Sir,

I am working as an Accountant for Builders & Developers Group, i.e. with M/S V.M. Associates, Mumbai

 

Regarding Service tax levied on builders & Developers i have some querries which is as follows:

 

1. We have started our project in December 2009. We have started collecting advance      towards booking of flat from Flat parties w.e.f. from 1st January 2010 onwards.We have also started registration of flat w.e.f. from June'2011.

 

Now please inform us the exact implication  from which date we are liable to pay the service Tax?

 

As per information given to us , from our Chartered Accountant, we have been informed

 

that we are laible to pay the service Tax w.e.f. from 01.07.2010. We have got different

 

openion from 2-3 C.A's. Sir please confirm that whether the amount collected prior to the

 

said period is exempted from Service Tax?

 

You are kindly requested to give us the exact liability to pay Service Tax in this case.

 

 

Thanks

For V M Associates

Manoj Asher

Our Office Contact: 28079330

Our office Email ID s_avirahi @ yahoo.co.in