Service tax stay on buildings under construction vacated

Service Tax application on Flat Sale confirmed by High Court of Bombay.

Among all the other Negative News floating in the market, this is one such news which would further dissuade the buyers from purchasing flats in under construction buildings. The High Court of Judicature at Bombay has dismissed the Writ Petition (Tax) filed by the Maharashtra Chamber of Housing Industry (MCHI) challenging the levy of Service Tax on pre-construction period.

Sources:

https://www.chsguru.com/2012/01/service-tax-application-on-flat-sale.html

 

Replies (5)

Oh my God, that's really a Bad News.

But I suppose, it is as per expectations.

Thanks for Sharing the News

Sir, I have heard that the MCHI is going for appeal at Supreme Court on the Judgment, is it correct?

Dear Snehal,

I do not have any knowledge, if the MCHI is going for appeal or not.

But what I understand is that a Law once made is a Law in force & Courts cannot go beyond the Book of Law, unless & until if proper procedure is not followed while passing the said Law. 

https://www.chsguru.com/2012/01/service-tax-application-on-flat-sale.html

 

Sir, Thanks for your Article.

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