[aurangabad_ca] service tax on builders

Saturday, February 27, 2010 1:47 AM By Livemail

 

UNLESS THE ENTIRE CONSIDERATION FOR THE PROPERTY IS PAID AFTER THE COMPLETION OF THE

CONSTRUCTION i.e. AFTER THE RECEIPT OF THE COMPLETION CERTIFICATE FROM THE COMPETENT

AUTHORITY, THE ACTIVITY OF THE CONSTRUCTION WOULD BE A TAXABLE SERVICE PROVIDED BY

THE BUILDER AND SERVICE TAX WILL BE ATTRACTED.

In other words any booking of the flats etc.. will be treated as the service provided by the builder and tax will be levied. However on what amount will it be levied needs clarification.

Thanks
Ashok L. Gosar


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