Service tax for purchasing flat land owner share


Hi Forum, i am planning to purchase a constructed flat in hyderabad. It is the land owner share. I am confused now if I should pay the service tax (if yes how much) - as I am hearing different answers. When enquired other owners in the same building, who purchased from other land owners they haven't paid any service tax. Please guide me in the right direction. Thanks a lot in advance- sudheer
 
Reply   
 

Since it is already constructed flat, which is ready for occupation, the transaction would be in the nature of sale of immovable property, which should not attract service tax liability. Also see the definition of 'service' in section 65B(44) of the Finance Act, 1994 (ST law), which excludes an activity involving transfer of title in immovable property. 

 
Reply   
 


LEAVE A REPLY


    

Your are not logged in . Please login to post replies

Click here to Login / Register  



 

Search Forum:








×

  LAWyersclubindia Menu