Service tax & VAT on Under Counstructed Flat

[Saurabh Singh]

Dear All

 

I have Following queries relating to Service tax & VAT on Builders & Devlopers, Kindly help to solve the same

1. Can O.C.(Occupation Certificate) and CC (Complition Certificate) are same as if some one get OC still he require to get CC

2. Why VAT is Not applicable once Builders obtain CC From Prescribed Authority

 

AI Summary

Occupation versus completion certificate distinction affects VAT applicability on residential flats following statutory change.
The distinction between Occupation Certificate (obtained by the occupier) and Completion Certificate (obtained by the builder) is material for indirect-tax treatment: recent statutory change in the cited jurisdiction brought dwelling flats within the scope of Value Added Tax, so VAT may apply to constructed flats once prescribed municipal certification is obtained while Service Tax considerations remain relevant.