Finally, the clouds of uncertainty over levying of service tax have disappeared from the minds of realty consumers and developers. According to a ruling by the Union Finance Ministry, the developers have been exempted from the service tax net, which has come as a sigh of relief for both, the realty fraternity and buyers. Prior to the ruling, the developers had their own modes of conduct to collect the service tax and ensure that following the ruling there is no issue settling the accounts. Some
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