TaxTMI 
TaxTMI 
Service tax on commercial property
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....ervice tax on commercial property<br> Query (Issue) Started By: - varsha mehta Dated:- 10-9-2013 Last Reply Date:- 14-9-2013 Service Tax<br>Got 6 Replies<br>Service Tax<br>I have purchased an commercial property for the period 2008-09 at Ahmadabad. Recently the seller asking me to pay service tax on above property purchased. Kindly let me know that the service tax is applicable on this or not? ....
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....Thanks in Advance.... Reply By Shyam Sunder: The Reply: Hi, No, you don't need to pay service tax. Service tax provision doesn't covered the transfer of title in immovable property. Thanks, Shyam As per Section 65 B (44), A transfer of title in immovable property does not include in meaning of service. Reply By varsha mehta: The Reply: thanks for your reply... but i have one more doubt w....
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....hat is definition of 'service' under Section 65 B (44) for the period 2008-09 because I have purchased commercial property for the period 2008-09. Reply By Shyam .: The Reply: Hi, Section 65 B (44) does not exist in year 2008-09. The term "Service" has been defined for the first time in finance act 2012. Thanks, Shyam Reply By Pratik Bhansali: The Reply: Hi Varsha, I agree to Mr Shyam. Ho....
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....wever can you please clarify the property which you purchased was a under construction property ? If Yes .. when was the construction completed ? Pratik Reply By varsha mehta: The Reply: Sir, I purchased a warehouse at Gandhidham for the year 2008-09 and this was not a under construction property. I purchased fully constructed warehouse by sale Agreement entered into buyer & seller. Thanks.......
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.... Reply By varsha mehta: The Reply: Please note the word Ahmadabad instead of Gandhidham.<br> Discussion Forum - Knowledge Sharing ....