Hi Experts pls highlight on service tax liability on sale of flats after completion by the builder
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Hi Experts pls highlight on service tax liability on sale of flats after completion by the builder
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Dear Muthuswamy ,
If a builder is selling the flats after obtaining completion certificate , it would not be liable fo SeviceTax .
thanks and pls advise this completion certificate is issued by any certified surveyor or any govt dept
also pls advise if regn is done on uds portion only
builder to avoid service tax has to complete all flats, get the completion certificate as per his plan submitted. to the passing/developing authority
after completion no service element in the absence any contract, and only the immovable property is sold which cannot service tax.
Further it also will not attract any vat as immovable property is outside the purview of state sales act.
Thanks a lot sir
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