2006-11-26 23:56:13 · 5 answers · asked by Srinivas G 3 in Business & Finance ➔ Taxes ➔ India
If yes, what is the percentage to be paid?Recently, FM, P Chidambaram has clarified that Apartments doesn't fall under service tax category. Still, most of the builders charge service tax to the builders. Pl clarify?
2006-11-27 00:07:56 · update #1
Yes.
2006-11-26 23:59:38 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Service Tax is leviable only in those cases where a contract of construction has been entered. For example; if the builder has built the Apartment on his own- there is no liability of service tax.
If the builder gives a contract to the contractor for construction of apartments it can be liable to service tax if it is a case of contract of construction of residential complex having specified facilities.
Since you appear to have entered into an agreement of sale of apartment with the builder; there is no liability in this case.
Further, in case the situation falls within the ambit of contract of construction -pls refer to Service Tax Notification No.1/2006 for effective rate and conditions on the link below:
http://www.allindiantaxes.com/st_noti_2006_main.php
2006-11-28 03:04:31 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Dear, now service tax is applicable if builder construct more than 12 flat in single sight,
2016-03-28 21:33:35 · answer #3 · answered by Erica 4 · 0⤊ 0⤋
No. He has to pay for the service charged to you.
2006-11-27 00:06:13 · answer #4 · answered by Anonymous · 0⤊ 0⤋
yes, if no of appts are more than 12 , you vve to pay 12.2% service tax.
2006-11-27 00:19:12 · answer #5 · answered by hem4238 1 · 0⤊ 0⤋