Want to know if service tax is applicable on my purchase

Q: I have purchased a flat in Kaikhali Kolkata, where sale deed made on Feb, 2014 on 20% of 20L total money. Final deed made on Dec, 2015 with loan from SBI, with 7.1% of govt evaluation 23L of the property cost. Completion Certificate is not issued yet and Possession letter is also provided. My question is if Service Tax is applicable for me?

Aniruddha Banerjee,

26th December 2015

Property Tax in Kaikhali, Kolkata

real estate in kolkata

property tax 2015 in west bengal

service tax 2015-16

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I think Service tax is not applicable in your case, Service tax is levied only on under construct property not in completed projects.

david.m,

28th December 2015

Comment

The buyer is liable to pay the builder Service Tax at the time of purchase of property, which the builder will inturn deposit with the Govt...And if the Builder does not collect Service Tax separately, it would imply that the amount paid by the buyer is inclusive of Service Tax... so if you dont pay additional service tax to the builder and the sale deed has been registered, he would have to pay out of his own pocket..

V. Victor,

28th December 2015

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