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Sandeep   03 April 2016

Service tax on under construction resale property

Hi All,

 

I would like to seek opinion regarding Service tax on property purchased recently. It is redevelopment property started in 2013 and nearing completion (parking and lift installation is on-going). Occupation Certificate is expected in 3 months.

 

I have purchased it from existing tenant (who was member of old building before redevelopment), and not from builder.

 

Also, registration of the property would be done in coming week.

 

Having said that, I would like to know if I need to pay service tax on the property.

 

As I understand, Service tax is levied on the service offered by the builder. Herein, I am purchasing the property from Existing tenant, who would have received service from builder. Further, Building is almost completed, and property would be registered shortly, so there would be limited service that I would be receiving directly from the builder (around parking, lift etc).

 

So, I am not sure if I am liable to pay Service tax. And if so, how much that shall be? Please help.



Learning

 4 Replies

Sandeep   07 April 2016

Can someone please guide. Quick revert would be highly appreciated.

Sandeep   08 April 2016

Request some help here.

 

Can someone kindly respond.

Sandeep   14 April 2016

I am hoping for some comments on my above query. It is bit urgent.

Can someone help.

Sandeep   16 April 2016

No reply yet :(


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