Service Tax on under construction properties
Swaroop
(Querist) 09 August 2010
This query is : Open
Hi,
I booked an under construction property in Nov 2008, the propertly is till under construction. I have paid 90% of the costs to the builder before July 2010. The propertly is almost ready and I am going in for registration Aug end.
The builder is demanding that I pay ST on the entire amount even though its clearly mentioned in various articles on the internet that ST is applicable only on payments made after July 2010. Can you please confirm if this is correct? Also can you share the notification/legal documents that support this?
