Service tax on purchase of flat & duplex

Dear Suman,

You may note the following –

1. Service Tax cannot be levied in case where the entire consideration is received after issuance of completion certificate from a competent authority. (Refer Section 66E(2) and the Supreme Court’s landmark judgement in case of MCHI.)
2. Yes. As in this case, the entire amount is not received after issuance of completion certificate.