banner_ad

service tax on house property

Queries 966 views 5 replies

I have purchased a flat in mar 2010. all payments made in april 2010 . only society formation, MSEB and society maintenance charges are remaining which amt. is rs.50000 payable in nov 2010 when i got the possession. Am I liable to pay service tax on this amt while this amt is not related to construction of house property ?

If yes, then plz guide me, is there any scope of tax saving ?

Replies (5)

Yes, if there is a contract or agreement for the said services then you are liable to pay service tax as maintainance and repair services of immovable property are taxable services.

Scope of saving tax can be there only if there is no agreement for the same.

But one more thing I would like to say is that if it is a society formed by the residents of the apartments only then you do not need to pay any service tax as it is a self service.

But if the society outsource some maintainance service providing company then the maintainance service provider company can charge service tax from the society, that too if there is a contract between the society and the company.

Good explanation

I read a article that if any amt paid after receiving completion certificate, then there is no need to pay ST.

So If I pay this Rs. 50,000 after apartment deed, then can i save ST on it ?

what is the rate of ST on residential property b'coz i heard that it is reduce to 0.50% from 2.575% ?

 

Thanks

Service TAx would be appliacble under "Management, Maintenance or repair' serivices (zzg) if there is a agreement or contract. There is no possibility of avoidng Service TAx even after getting completion certificate.  Completeion certificate will be available only for completion of transfer/construction of immovable property.  But, service is not like that.   


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details