https://www.taxtmi.com/article/detailed?id=849 Amendments via Finance Bill, 2010 insert an Explanation and a deeming clause treating receipts by builders from prospective buyers, received before grant of a completion certificate, as deemed service provided by the builder to the buyer; payments received on or after the operative date are taxable irrespective of traditional service-recipient models. The decisive factors for liability are date of payment and date of issue of completion certificate. The Explanation expands existing chargeability but leaves unresolved issues on service receiver existence, timing of service, valuation and refund treatment. en-us Sat, 26 Jun 2010 10:49:24 +0530 Sun, 27 Jun 2010 23:34:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=849 Amendments via Finance Bill, 2010 insert an Explanation and a deeming clause treating receipts by builders from prospective buyers, received before grant of a completion certificate, as deemed service provided by the builder to the buyer; payments received on or after the operative date are taxable irrespective of traditional service-recipient models. The decisive factors for liability are date of payment and date of issue of completion certificate. The Explanation expands existing chargeability but leaves unresolved issues on service receiver existence, timing of service, valuation and refund treatment. Articles Service Tax Sat, 26 Jun 2010 10:49:24 +0530 https://www.taxtmi.com/article/detailed?id=849