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Arun Tainwala (Proprietor)     22 April 2013

Service tax on flat purchase in 2003, conveyance now.

 

Dear Sir,

I had purchased a Flat from a Developer (Builder) in Jan 2003 by Agreement of sale for Rs. 20 Lakhs. All payments were completed by March 2003. The possession of the Flat was given in July 2003. But the Conveyance Deed could not be completed as the original land owner died without a will. All the legal heirs have now agreed to complete the Conveyance now. 

Please advice is Service Tax applicable even though all payments were completed in March 2003 & possession taken in July 2003.

Regards

Arun Tainwala



Learning

 2 Replies

VISHNU PROMOD SRIVASTAVA (ADVOCATE)     17 June 2013

In this case service tax will not be applicable since all the payments were made by march 2003 and possession was also taken in July 2003.

Vineet (Director)     24 June 2013

Service tax is payable only in respect of under construction property for payments made on or after 1-7-2010. In your case, the construction has well as payment was made well before that, hence no service tax.


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