Service tax is laibility to be discharged be developer on sale of under construction property. For Service Tax purposes, even an architect certificate is sufficient to prove that construction has been completed to escape rigours of service tax. However, in any case resaler of flat is not required to pay service tax.
Now, other question Majumdar Sahib, depends upon guts of the manager of bank. However, after recent spate of decisions against properties without OC, specially Campa Cola Coumpound, Worli case, the banks have become very cautious.