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 Amendment: Builder's Liability for Unreceived Payments from Flat Buyers Clarified in August 2010 Bulletin A participant inquired about a new amendment in service tax rules concerning building and construction activities, specifically questioning whether a builder is liable to pay service tax if payment has not been received from a flat buyer. The response directed the inquirer to a detailed article on the subject in the August 2010 bulletin of the Western India Regional Council of the Institute of Cost and Works Accountants of India (WIRC of ICWAI).