Service Tax on One Time Lease Rent for Under Construction Residential Flat in a Housing Society

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Service Tax on One Time Lease Rent for Under Construction Residential Flat in a Housing Society
Query (Issue) Started By: - Pradeep Kumar Dated:- 15-4-2015 Last Reply Date:- 24-2-2016 Service Tax< .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... br>Got 1 Reply
Service Tax
Builder "ABC Ltd" engaged in real estate business.The company purchased land on lease from Local authority on 99 years lease. The company is developing Resid .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ential flats and group Housing Society on the said land and sold these residential flats in open market at following structure Basic Cost price 2000 sq. ft, PLC as applicable. One Time Lease Rent 85 s .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... q.ft. IFMS 25 Sq. ft. Builder is charging 12.36% Service Tax on One Time Lease Rent. Questions 1. Whether Builder can charge Service Tax on Lease Rent for Residential Flats. Question 2 : If yes .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... than under what ground? Also, Is there any document available which describes clearly that Builder can charge Service Tax from Buyers on One Time Lease Rent. Question 3: Can builder charge Service T .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ax on Parking Space if Parking Space is purchased separately? If yes, How much Service Charge Builder can charge? Reply By Ganeshan Kalyani: The Reply: Hope your query is resolved or else we shall tr .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... y to reply. You may share your views as well to enrich our knowledge. Thanks.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X