Service tax on property

Service tax will be applicable for only under-construction properties and not for completed units.

Yes Mr. Ramachary is right in his opinion that the service tax will be applicable  for the property being constructed and not for buying the completed unit.

DEAR MR. RAJESH 

                                 AS FAR AS I READ IN THE NEWS PAPERS SERVICE TAX IS PAYABLE BY THE BUILDER ONLY . THIS SERVICE TAX FOR BUILDERS WAS INTRODUCED ONLY RECENTLY BECAUSE THE GAIN IN CONSTRUCTION WAS MORE THAN 25% .FOR PAYMENT OF SERVICE TAX THE BUILDERS ARE CHARGING 2% OVER AND ABOVE THE VALUE OF THE PURCHASE PRICE . YOU CONFIRM WITH YOUR BUILDER WHAT IS PURCHASE PRICE OF THE FLAT AND ASK HIM TO GIVE THE BREAK UP . YOU HAVE ALMOST PAID 50 LACS OUT OF THE 62 LACS OF THE COST OF THE FLAT . WHAT IS THE INTEREST FOR THAT AMOUNT . NORMALLY THEY SHOULD NOT COLLECT SO MUCH AMOUNT BEFORE COMPLETION OF THE FLAT . YOU VERIFY IN THE CENTRAL GOVERNMENT WEBSITE THE GUIDELINES . EVERYTHING IS GIVEN IN THAT . SERVICE TAX IS TO BE PAID BY THE BUILDER ONLY . NOT INDIVIDUAL BUYERS . IF INDIVIDUALS HAVE TO PAY SERVICE TAX MEANS THEN THEY HAVE TO GET A SERVICE TAX NUMBER FROM THE CENTRAL EXCISE DEPARTMENT .  YOU VERIFY THIS IN THE CENTRAL EXCISE WEBSITE FOR DETAILS - JOSEPH WILFRED - 04/03/2014 AT 23.37 HRS