R S RAWAT
14 January 2014 at 12:36
A FIRM IS IMPORTING GOODS'A' ON COCESSIONAL RATE OF DUTY UNDER NOT. NO.25/99-CUS THRU A PROPER PROCEDURE FOR MANUFACTURE OF INTERMEDIATE GOODS'B'WHICH IS TOTALLY BEING USED IN MANUFACTURE OF FINAL PRODUCT'C' & FINAL PRODUCT'C'IS BEING CLEARED ON PAYMENT OF EXCISE DUTY.CAN THEY AVAIL THE BENEFIT OF THIS NOT.25/99? IF YES PLEASE CLARIFY THE SAME.
THANKS & REGARDS,
R.S.RAWAT
NAMDEO CHAUDHARI
24 December 2013 at 23:30
Date: 24th December ,2013.
Dear sir,
I purchased a house property having built up area 875 sq.feet in lonavala . I entered in to an agreement for sale on 8th August 2012 .and conveyance deed was made on 12 th sept.2012.The builder produced the occupancy certificate dated 06 th june , 2012 which is issued by municipal corporation. The builder told to me that it is completion certificate.
MY question is relating to service tax.
1.Whether I am liable to pay the service tax if the transaction is made after completion of construction ?
2.Whether the purchaser is liable to pay the service tax if the purchase price is less than Rs.20 lakh.
3.Genrally the document is always similar to the other purchaser and if it is mentioned that I agree to pay the government dues or taxes if there will be change in the act. So what are the changes in the provisions of the act which affects the purchaser?
4. I got message from builder through society president to pay the service tax.Whether it is legal to ask for service tax when the construction is completed before the sale deed?
Kindly guide me which will helpful to us and all.
Thanking You,
Yours Faithfully.
Mr.N.B.Chaudhari.
Knowledge Gainer
23 December 2013 at 21:53
I have entered into agreement for development and construction of a building having 4 wings and 72 flats and 20 shop & offices with 25% of saleble area to be given to landowner as consideration.
Events
date of agreement with land owner 01.04.2006
date of starting construction 01.04.2007
date of advances received between 2007 to 2012
date of completion 31.03.2012
certain flats were sold after issuance of completion certificate.
Queries
From which date I am liable to pay service Tax?
Under which catagory? (i.e. construction of residential complex service or construction services other than residential complex, including commercial / industrial buildings or civil structures or works contract servicse)
Whether I am liable to pay services tax on flat sold after completion. (No advances received in respect of such flats till the date of sale)
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Vat & service tax applicability
My son has purchased a Flat for Rs.25 Lacs in an under construction property at Patna in Sep 2012. The property is in the final stage of completion. The 1st sale agreement has been registered after paying stamp duty & registration fee as applicable.
Can someone help me,how much VAT and Service Tax is applicable at present and how it has been calculated.
The builder is telephonically asking Rs. 1.25 Lacs including 20,000 as interest for delay in service tax payment which he has not paid. He is not willing to give anything in writing.
Please let me know whether interest for non payment of service tax by the builder is applicable to me. Till date there is no demand in writing for this. However he has sent several reminder for final 20% payment applicable on completion of the construction.
Your advise is solicited.