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BUILDER OF APARTMENT, Service Tax |
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BUILDER OF APARTMENT |
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Dear sir please let me understand what is the status of a builder who is selling the flats in apartment. is there any exemption ( earlier I know that if no of flats does not exceed 12 no service tax is applicable) with regards Posts / Replies Showing Replies 1 to 5 of 5 Records Page: 1
Service tax is liable if the consideration is received before the completion certificate is received. Further exemption is only for single residential house.
Sh.Vemula Chandrasekhar must be satisfied with the reply dated 4.12.15 of Sh.Ganeshan Kalyani Sir.
SIR NOT CLEAR. PLEASE EXPLAIN IN DETAIL.
The builder in this case has no exemption from service tax since it is applicable to only for single residence. Service tax is to be levied on the sales of flats by the builders.
After abatement service tax is applicable on 30% of value of contract price. Page: 1 Old Query - New Comments are closed. |
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