Amendment in Service Tax payment after 01-07-2010

[ASHWIN BODA]

Hi

I wants New Amendment made in service tax rule toward  building & construction activity please clerity whether builder is liable to pay the service tax whether he has not received the payment from buyer of flat 

[NANDKUMAR SAGWEKAR]

Dear Mr. Ashwin Boda ,

 

Please refer WIRC of ICWAI bulletin August 2010 , I have written in detail about this subject.

Thanks

 

A M SHEMBEKAR

CELL NO. 91-9421187122

AI Summary

Service tax liability for building and construction clarifies whether builders owe tax even when payment from buyers is unpaid. Amendment to service tax rules for building and construction raises whether a builder is liable for service tax on flats when payment from the buyer has not been received; the respondent refers to a detailed discussion in a professional bulletin as guidance rather than providing an adjudicative resolution.