Exclusive HOLI Discounts!
Get Courses and Combos at Upto 50% OFF!
Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

alok arunkumar bhagat (PRACTICING LAWYER)     17 November 2008

service tax - builders and developers

what is the implication and chargebility of service tax on construction by builders and deveplopers???? is it payable? how much? 


Learning

 3 Replies

Vineet (Director)     02 November 2009

No service tax vide Circular No 108/02/2009-ST

Advocate Suresh Kumar T V (Advocate & Indirect Tax Consultant)     08 March 2010

service tax in exemption only if  the undivided portion of land and building transfered simultaneously to the purchaser from the builder by way of sale deed. otherwise service tax applicable.

Vineet (Director)     10 March 2010

Dear Mr Kumar,

 

The case referred by you is for construction agreement which in any case falls under the ambit of service tax. In case of builders and developers generally the residential unit is sold as whole alongwith undivided share of land. So far the Service tax exemption was available to developers of complexes but with recent amendments as proposed in Budget 2010, the developers are once again being brought under Service Tax net.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register