SERVICE TAX RELIEF FOR HOME BUYERS

Last updated: 06 September 2007

SERVICE TAX RELIEF FOR HOME BUYERSThousands of property buyers who have paid service tax on theresidential apartments/flats they have purchased now have somethingto cheer about. The Union finance ministry has issued the much-awaited clarification exempting builders/developers, undertakingresidential constructions, from the service tax net. Two Pune-basedbuilders' organisations — the Promoters and Builders Association ofPoona (PBAP) and the Marathi Bandhkam Vyavasayik Sanghatana (MBVS) —had made
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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