TMI BlogBUILDER OF APARTMENTX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s applicable) with regards - Reply By Ganeshan Kalyani - The Reply = Service tax is liable if the consideration is received before the completion certificate is received. Further exemption is only ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for single residential house. - Reply By KASTURI SETHI - The Reply = Sh.Vemula Chandrasekhar must be satisfied with the reply dated 4.12.15 of Sh.Ganeshan Kalyani Sir. - Reply By VEMULA CHANDRASEKHA ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... R - The Reply = SIR NOT CLEAR. PLEASE EXPLAIN IN DETAIL. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = The builder in this case has no exemption from service tax since it is applicable to only f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or single residence. Service tax is to be levied on the sales of flats by the builders. - Reply By Ganeshan Kalyani - The Reply = After abatement service tax is applicable on 30% of value of contra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ct price. - BUILDER OF APARTMENT - Query Started By: - VEMULA CHANDRASEKHAR Dated:- 4-12-2015 Service Tax - Got 5 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rt, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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