Service Tax on flats post Completion Certificate

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....ervice Tax on flats post Completion Certificate<br> Query (Issue) Started By: - Ritesh Mehta Dated:- 6-4-2019 Last Reply Date:- 7-4-2019 Service Tax<br>Got 2 Replies<br>Service Tax<br>A dealer has wro....

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....ngly taken 100% Input tax credit without reversing the proportionate credit in respect of flats sold post Completion Certificate. Neither he has intimated the department about receiving the Completion....

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.... Certifcate. The department has raised a show cause on the builder asking it to pay 7% on the exemted receipts of flats sold after CC as per Rule 6 of Cenvat Credit Rules. The Input tax credit reversa....

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....l is quite less as compared to tax payable on exempted services. Kindly guide how to reply and any judgement in favour.... Reply By KASTURI SETHI: The Reply: The case is worth fighting legally. Cas....

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....e laws can be traced out. It is not the intention of legislature that you take credit of RS.10 and pay RS.100/-. The purpose of framing such rule was not such. Reply By KASTURI SETHI: The Reply: M/S.....

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