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Vat and service tax on real estate property in karnataka
Hi All,
Is VAT and ST applicable on under-constructed properties in Karnataka? If yes, will it still apply if the property is registered after the completion certificate is received, although the advance payments have been already made?
Replies (3)
Deemed VAT and service tax applicable on property under development but once completion certificate is received from Goverment authorities or panchayats you need not charge service tax
Thanks Sivaram. But if there are any advance payments that have been made before receiving the completion certificate will they be subject to VAT and ST?
Thanks Sivaram. But if there are any advance payments that have been made before receiving the completion certificate will they be subject to VAT and ST?
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