Q:I bought a flat in 2007 which is under construction currently and possession is expected by Mid 2013. There were four payment which were to be paid prior to 1st July2010 and one payment was supposed to be made in Sept’10. Somehow I could not able to make the payment timely and I made all the five payments in Nov’10. Builder is now asking to pay service tax on all the five payments since the payment is made after 1st July’10.I would like to have your expert opinion on this matter. Is the Service tax applicable on the payments where the demand was raised before 1-July-10 and supposed to be paid before 1st July’10 but the payment was made post 1-July-10 ?
Q:I have recieved a demand letter from Lodha regarding service tax on construction services and preferential location charges to the tune of Rs 132000/-.Has anybody received the same or paid the amount? I think this tax is chellanged in the high court.Can anybody tell us the status whether we should pay the amount or wait for the verdict.
Latest Answer: Even I am concern about the same at the time of booking possession date was told Nov 2012 were as now they are saying it is 2013 and builder can delay and take one year interest free grace period this was not informed earlier. Also they have already raised whole demand of whole amount from the bank and now on 54000/- is left which lodha is saying they will ask at the time of possession that means I have to pay interest to bank till they raise the last demand....I think we all are cheated by lodha... seriously.