SERVICE TAX ON RESIDENCIAL APARTMENT CONSTRUCTION

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..... SERVICE TAX ON RESIDENCIAL APARTMENT CONSTRUCTION
Query (Issue) Started By: - S SHANMUGASUNDARAM Dated:- 10-8-2010 Last Reply Date:- 11-8-2010 Service Tax
Got 2 Replies
Service Tax
SERVIC .....

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..... E TAX LIABILITY ON THE BUYER FOR BUYING THE FLAT FROM THE BUILDER. FLAT BOOKED DURING MAR 10 AND 90% PAYMENT MADE. BUILDER DEMANDED THE BUYER TO PAY SERVICE TAX @ 4.12% ON THE TOTAL AMOUNT PAID - LAND .....

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..... COST. IS IT IN ORDER. Reply By Surender Gupta: The Reply: No. Payment paid before 1.7.2010 is not liable to service tax. Notification no. 36/2010 ST dated 28.6.2010 http://www.taxmanagementindia.com/ .....

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..... Site-Map/Service-Tax/detail_notification.asp?ID=22921 Reply By ANAND SHEMBEKAR: The Reply: ANY PAYMENTS RECEIVED PRIOR TO 01/07/2010 ARE NOT TAXABLE YOUR BUILDER'S DEMAND IS ILLEGAL MUST BE TURNDOWN . .....

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..... However any payments made after 01/07/2010 but before obtaining completion certificate is taxable .In your case 90% payments are made in March 2010 , you need not require to pay the service tax on t .....

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..... his 90% amount. ANAND SHEMBEKAR CELL NO 09209904370
Discussion Forum - Knowledge Sharing .....

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