Dear All,
Service Tax Department Issued new clarification : F.No.354/311/2015-TRU dtd 20.01.2016 regarding valuation of flats for levy of Service Tax. I would like to know from which date this will applicable. or this will applicable from day one. (i.e from 10.02.2012)
And if this is applicable from day one then what about the tax on earlier transaction.
Kindly revert as early as possible.
Thanks & regards,
Rajesh Patil
Service Tax Clarification on Flat Valuation Retroactive from Feb 10, 2012, Affects Pending and Future Cases Only A discussion on a forum addressed a query regarding the applicability date of a service tax clarification issued by the department on January 20, 2016. The question was whether the clarification, concerning the valuation of flats for service tax, applied retrospectively from February 10, 2012. Respondents agreed that the clarification is retrospective, affecting pending and future cases but not concluded ones. They suggested that pending appellate cases could be reconsidered based on the new clarification. The discussion emphasized that such clarifications are intended to resolve ambiguities and thus apply retrospectively. (AI Summary)
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