https://www.taxtmi.com/article/detailed?id=875 Payments received by a builder from a prospective buyer before issuance of a competent authority's completion certificate are taxable as construction of complex services; the statutory definition covers new construction, finishing, repair and related services for residential complexes exceeding twelve units. Builders may elect abatement (with forfeiture of Cenvat credit) or tax the value of services and claim credit, must add buyer supplied material costs before abatement, and comply with registration, invoicing, payment, return and Cenvat procedural requirements. Certain receipts and categories are excluded by transitional notifications and specified exemptions. en-us Fri, 16 Jul 2010 00:00:00 +0530 Sat, 17 Jul 2010 09:04:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=875 Payments received by a builder from a prospective buyer before issuance of a competent authority's completion certificate are taxable as construction of complex services; the statutory definition covers new construction, finishing, repair and related services for residential complexes exceeding twelve units. Builders may elect abatement (with forfeiture of Cenvat credit) or tax the value of services and claim credit, must add buyer supplied material costs before abatement, and comply with registration, invoicing, payment, return and Cenvat procedural requirements. Certain receipts and categories are excluded by transitional notifications and specified exemptions. Articles Service Tax Fri, 16 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=875