Service tax on co-op.ho.soc
SHAKIL SHAIKH
(Querist) 31 July 2014
This query is : Resolved
Our soc is reg low cost co.op.ho.soc.make low cost flats on social base and allot direct to the share holders wihout any pfoti-loss. pl.guide us that the service tax on sale of property is applicable to us or not ??
If yes what is the way of exemption ??
shakil shaikh
secretary
rahat co.op.ho.soc.
gabheni surat gujarat
9913727127
P. Venu
(Expert) 01 August 2014
Prima facie, no service tax is chargeable.
C. SANJEEVA RAO
(Expert) 01 August 2014
For better appreciation you should consult with local service tax consultant. and also see the latest judgment of Supreme Court in the case of L&T delivered on 26-09-2013 and also the Maharashtra Co-op. Housing's case.
C. SANJEEVA RAO
(Expert) 03 August 2014
Thank u very much Mr. T.Kalaiselvan
krishna mohan
(Expert) 04 August 2014
All construction contacts under specific agreement attracts ST at the ratio pre decided unless you have special exemption. You may consult a local tax consultant with all appropriate papers.