service tax
Chitra Srikanth
(Querist) 24 July 2013
This query is : Resolved
Service tax is not applicable to apartments sold after obtaining OC. Is it applicable to all cases or for apartments purchased after july 2010 ?
Chitra Srikanth
(Querist) 24 July 2013
This is a practical case. The apartment was purchased in chennai apr-may 2010 and was ready to move in with OC already in place since feb 2010. The builder collected service tax in june-july 2010. He now contends that the amendment regarding Oc as a criteria for excluding apartment from service tax is applicable only from july 2010. Need clarity on the following:
1 Is service tax applicable in this case?
2 since when is OC considered to be a critera for completion of apartments for the purpose of exemption from service tax?
3. Chennai has the practise of registering uds of land and not the apartments. Does this change service tax liability?
