Mere transfer of title in immovable property is exempted from Service Tax

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..... Mere transfer of title in immovable property is exempted from Service Tax - News and Press Release Dated:- 26-10-2015 - News - Press Information Bureau Government of India Ministry of Fin .....

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..... ance 26-October-2015 15:45 IST In order to resolve a long standing issue relating to levy of Service Tax on sale of flats/dwellings etc. after issue of occupancy certificate but before issue .....

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..... of completion certificate in areas under the jurisdiction of Municipal Corporation of Greater Mumbai i.e. Brihanmumbai Municipal Corporation (BMC), it has been conveyed to the Service Tax Authorities .....

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..... in Mumbai on Friday, 23rd October, 2015 that sale of flats/dwellings etc., where the entire consideration is received after issue of occupancy certificate by BMC, leading to a mere transfer of title i .....

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..... n immovable property, falls outside the definition of Service provided in Section 65B (44) of the Finance Act, 1994, and is therefore, not taxable. ********** DSM/MA/AK - News - Press r .....

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..... elease - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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