Service tax on purchase of flat
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....ervice tax on purchase of flat<br> Query (Issue) Started By: - KRISHNAMOORTHY GOVINDA REDDY Dated:- 28-5-2010 Last Reply Date:- 8-6-2010 Service Tax<br>Got 2 Replies<br>Service Tax<br>I have booked the Appartment in March 2008 and i have taken positions of the Appartment in October 2009. Total Cost of the Appartment is Rs.32 Lakhs. Total appartments is 214. Now I like to know from you that whether....
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.... i am eligible for the relief of Service TAx under Circular N0.108 dt 29.01.2009. Now the Builder is insisting me to pay the service which he has already paid before 29.01.2009 to the Government. I have purchased the undivided portion of the land and i have entered into the construction agreement. The payment are made in installments only. Please Advise whether i am liable to pay any service tax o....
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....n purchase of this Flat. Reply By Vartik Choksi: The Reply: As mentioned by you that you have purchased undevided shares in land and have entered in to construction agreeemnt,relief of that circular is not available to you provided a stand is taken and approved by an authority that the conjstruction was for personal use as defined in Resi.complex. dinesh bhavsar 98241 62516 Reply By Surender Gup....
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....ta: The Reply: Though you may not take the benefit the circular but since the overall nature of the property is of development by a builder, the same was not taxable prior to amendment made by the Finance Act, 2010. Therefore instead of ciruclar no. 108/2009 you may take the shelter of amendment made in 2010 finance act.<br> Discussion Forum - Knowledge Sharing ....




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