Mere transfer of title in immovable property is exempted from Service Tax

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....ere transfer of title in immovable property is exempted from Service Tax <br>News and Press Release<br>Dated:- 26-10-2015<br><BR>Press Information Bureau Government of India Ministry of Finance 26-....

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....October-2015 15:45 IST In order to resolve a long standing issue relating to levy of Service Tax on sale of flats/dwellings etc. after issue of occupancy certificate but before issue of completion ce....

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....rtificate in areas under the jurisdiction of Municipal Corporation of Greater Mumbai i.e. Brihanmumbai Municipal Corporation (BMC), it has been conveyed to the Service Tax Authorities in Mumbai on Fri....

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....day, 23rd October, 2015 that sale of flats/dwellings etc., where the entire consideration is received after issue of occupancy certificate by BMC, leading to a mere transfer of title in immovable prop....

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....erty, falls outside the definition of "Service" provided in Section 65B (44) of the Finance Act, 1994, and is therefore, not taxable. ********** DSM/MA/AK<BR> News - Press release - PIB....