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Tax implications of construction service


Rajat Agrawal (Practising Company Secretary)     08 March 2013

Rajat Agrawal
Practising Company Secretary 
 11 likes  318 points

| My Other Post

Dear CCI Friends,

I want to know the service tax implications on construction service where the builder, contractor and a customer is involved in a transaction.

Please help me clear my doubts on this.

Thanking in advance smiley

avater

Giridhar S Karandikar (Team Lead)     08 March 2013

Giridhar S Karandikar
Team Lead 
 715 likes  6937 points

View Profile | My Other Post

If you are purchasing a flat from a builder after receiving the completion certificate then you are not at all liable to pay ST to teh builder.  However if you have purchase a under construction flat and are paying advances to the builder then you would be liable to pay ST to the builder.

However if you have hired a contractor/builder on your own to construct a flat/plot/bungalow for yourself then in this case there would not be any ST liability because you are constructing the premises for yourself and is not for sale.

1 Like
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Rajat Agrawal (Practising Company Secretary)     09 March 2013

Rajat Agrawal
Practising Company Secretary 
 11 likes  318 points

View Profile | My Other Post

Thank you smiley


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