banner_ad

Service tax on under-construction house purchase in maharash

Queries 821 views 3 replies

Hi All,

I am purchasing a flat in a new building under construction in an existing society, in Pune. The builder is insisting on a registration after payment of some minimum amount. I am incurring service tax on the same.

I would like to know what is the way in which this service tax can be avoided. Also, are there any implications of an early registration other than service tax.

Please let me know.

Thanks,

Vinod

Replies (3)

Service provider by builder to buyers of flat is liable to service tax. There is no way to avoid that.

Thanks Mr. UnniKrishnan.

I was under the impression that service tax is only for under-construction flats and that it is not applied if the completion certificate has been obtained. Could you please clarify if my understanding is correct?

Thanks,

Vinod

My query is on the same front. I have purchase a flat in Pune Maharashtra in one of the grampanchayat area, registered amount is 15,91650 and registration date is 04-08-2011 and I am getting possession of it on Dec-2012. Builder has taken 1% as a VAT alongwith intrest of 15% on 25th Aug 2012 through cheque and I will have to pay service Tax before possession I mean before Dec-2012. I s this correct or what % of VAT and service Tax i should pay? Please clarify..... This might helps lot of buyers in different locations.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details