Hello there
we as a builder recieved 50 lakhs from an buyer in advance for sale of flat
whether it is chargeable to service tax
: amt rec in may 17
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Service tax on under construction flat
Replies (8)
If agreement was made in May,,, you have to pay ST...
But if registered after July, 2017 GST will be applicable as for under construction property.
sir amt rec in may when stax was there but i have not reg my firm un stax
Whether TDS was deducted by purchaser............ or every thing ...........
yes sir tds was deducted
That means time of supply as May, 2017. So ST liability will arise and not GST....... (for the amount received in May)
but i have not registered in stax and had not paid it
but i have registered in gst
If agreement was made in May,,, you have to pay ST... But if registered after July, 2017 GST will be applicable as for under construction property.
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