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Service tax stay on buildings under construction vacated

(Guest)

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

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5 Replies

Snehal (Learning Tax) (129 Points)
Replied 23 January 2012

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

But I suppose, it is as per expectations.

Snehal (Learning Tax) (129 Points)
Replied 23 January 2012

Thanks for Sharing the News

Snehal (Learning Tax) (129 Points)
Replied 30 January 2012

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

(Guest)

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