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Home News Commentaries / Editorials Month 8 2007 2007 (8) This

Whether in procurement of orders and arranging payment for Construction of Houses is real estate agent’s service?

8-8-2007
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The meaning of "real estate agent" has been provided u/s 65(88) [old u/s 65(73)] and the meaning of "real estate consultant" has been provided u/s 65(89) [old u/s 65(74] of the Chapter V of the Finance Act, 1994.

In terms of these definitions, a question was raised before the honorable tribunal that whether in procurement of orders and arranging payment for Construction of Houses is real estate agent's service, in the matter of M/s INDUS TUBES LIMITED Versus COMMISSIONER OF C. EX., GHAZIABAD v. 2007 -TMI - 1453 - CESTAT, NEW DELHI.

In this case, honorable tribunal has held that the procurement of orders and arranging payment for construction of houses is a service of "real estate agent" and hence liable to service tax.

Also see: Ready Reckoner on Taxable Services  - "Real Estate Agent"

 

 

 

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