Hi,
You are not liable to pay service tax.
Service tax is not leviable on ready to move property.
Dear sir, Please advice me is Service tax applicable on purchase the complete ready to move shop in commercial complex ? I have purchased the shop (Six Lakh) from L V K Developer in Pilani Rajasthan on 24 August 2014. Now he is demanding the Service tax (3.65%). While in agreement nothing is mentioned regarding service taxes, Please suggest
Hi
If the property was fully constructed and completion certificate was received by the builder, no service tax was applicable.
Hi,
Hope you are doing well !
As per provision, you are not liable to pay service tax .
Service Tax wont be levied on ready to move property.
It is only levied on under construction property.
Thanks & Regards,
Payal Chhajed
Hi,
Service tax will not have to be paid on a ready to move property. It is applicable when the property is under construction. Hope that clarifies.
Regards,
Nikhil.
When this shopping complex was prepared & Service tax is paid to the Govt. Now every shop holder who purchased the shop are liable to pay the service tax or not ? Please explain in detail.
Hi,
The shop holder's are not liable to pay service tax.
Although it is the responsibility of the builder to deposit the VAT and service tax with the government, builders often recover the cost from buyers. It ultimately depends on what the agreement between builder and the buyer provides. If you wish to avoid paying VAT and service tax, please ensure that the same is mentioned in your agreement with the builder.
Thanks & Regards,
Payal Chhajed
Dear Sir,
Service tax is not applicable on ready to move commercial complex. Please ask the developer to proove this.
I also provide services for ITR filing, GST filing and Audit at nominal charges. My email id is . You can text me to avail any of the above services.
Thanks
The shop holder's are not liable to pay service tax if nothing is mentioned in the agreement.
Regards,
Nikhil.
If you had entered into an agreement with the builder at the time when the complex was under construction, you will have to pay service tax.
However, if the agreement as well as purchase happened after the construction of complex was completed and the builder had received the completion certificate, no service tax was applicable.
So, for ready to move in - no ST and for under construction- ST was applicable.