Service Tax on flats post Completion Certificate

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..... Service Tax on flats post Completion Certificate
Query (Issue) Started By: - Ritesh Mehta Dated:- 6-4-2019 Last Reply Date:- 7-4-2019 Service Tax
Got 2 Replies
Service Tax
A dealer has wr .....

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..... ongly 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 receiving the Completio .....

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..... n 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 Input tax credit revers .....

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..... al 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 worth fighting legally. Ca .....

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..... se 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 KASTURI SETHI: The Reply: M/S .....

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..... . ASTER PVT. LTD. VERSUS CC&CE, HYDERABAD [ 2016 (6) TMI 866 - CESTAT HYDERABAD ]
Discussion Forum - Knowledge Sharing .....

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