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who have bear the service Tax and VAT -BY THRE CUSTOMER / BY BUILDER
Q: who have bear the SERVICE TAX and VAT -BY THRE CUSTOMER / BY BUILDER

Latest Answer: In the case of ready-to-occupy flats, service tax is not payable as the construction is carried out by the builder/developer on his own account and later sold to independent buyer. As sale of ready-to-occupy flat amounts to sale of immovable property, VAT is also not applicable on such transactions. However, the sale agreement should not have been entered or payment made before the completion certificate is issued.

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