Service tax on purchase of flat
Bibek Agrawal
(Querist) 07 April 2014
This query is : Resolved
I had booked a flat on 19/02/13 by making a payment of Rs one lakh. after that made 30% payment on 25/04/13. balance 70% on 31/05/13 which in funded by bank. registration of my flat was made on 12/06/13. After one week of registration we started living in this flat. now the builder ask for payment of service tax. Are we liable for payment of service tax?
ajay sethi
(Expert) 07 April 2014
you have not mentioned whether you bought a under construction flat or you bought flat after building completion and issue of OC
Bibek Agrawal
(Querist) 07 April 2014
Dear Ajay Sir,
I had booked the flat when it was almost 80% completed. bank has financed and given the disbursment at one time itself to the builder.
ajay sethi
(Expert) 07 April 2014
your are liable to pay service tax