TMI BlogService Tax on flats post Completion CertificateX X X X Extracts X X X X X X X X Extracts X X X X ..... A dealer has wrongly taken 100% Input tax credit without reversing the proportionate credit in respect of flats sold post Completion Certificate. Neither he has intimated the department about receivin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g the Completion Certifcate. The department has raised a show cause on the builder asking it to pay 7% on the exemted receipts of flats sold after CC as per Rule 6 of Cenvat Credit Rules. The Inpu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t tax credit reversal is quite less as compared to tax payable on exempted services. Kindly guide how to reply and any judgement in favour.... - Reply By KASTURI SETHI - The Reply = The case is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... worth fighting legally. Case laws can be traced out. It is not the intention of legislature that you take credit of RS.10 and pay RS.100/-. The purpose of framing such rule was not such. - Reply By K ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ASTURI SETHI - The Reply = M/S. ASTER PVT. LTD. VERSUS CC CE, HYDERABAD [ 2016 (6) TMI 866 - CESTAT HYDERABAD ] - Service Tax on flats post Completion Certificate - Query Started By: - R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... itesh Mehta Dated:- 6-4-2019 Service Tax - Got 2 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... axmanagement - 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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