BUILDER OF APARTMENT

[VEMULA CHANDRASEKHAR]

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 is applicable)

with regards

AI Summary

Service Tax Applicable on Builders Selling Apartments Pre-Completion Certificate; Exemption for Single Residential Houses Only. A participant inquired about the applicability of service tax on builders selling apartment flats, questioning any exemptions. It was clarified that service tax is applicable if payment is received before obtaining the completion certificate, with exemptions limited to single residential houses. Despite further requests for clarification, it was reiterated that builders are not exempt from service tax for apartments, and it is levied on 30% of the contract price after abatement.