Wednesday, November 23, 2011

Service Tax on Under Construction Property

It should be noted that the service tax would be levied only on under construction property. A property is considered “under construction” till the builder receives a “completion certificate” from the relevant authorities.

Thus, if an amount for the purchase of a Property In India is paid to the builder before he obtains a completion certificate, it would be subject to service tax. Only if the entire amount for the property purchase is paid after the receipt of a completion certificate, there would be no levy of the service tax.

Ref :

1. Property In India : Video
2. Faceook Propertyvakil
3. Video On Property In India
4.Property Vakil: Property In Jaipur
5. Metacafe

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