Service Tax on amount forfeited by Builder of Flat

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  1. SATYA PRAKASH

    SATYA PRAKASH New Member

    I participated in demand survey of any builder for proposed scheme of residential house. While scheme launched it was too costly as proposed in demand survey and I declined to participate. On making withdrawal the builder deducted certain administrative charges @10% of EMD and service tax thereon. Should such deduction should bear service tax or not?
    Satya Prakash
     
  2. Parul_Gupta

    Parul_Gupta Active Member

    Yes, Service Tax would be levied on the amount that has been deducted by the Builder.
     
  3. SATYA PRAKASH

    SATYA PRAKASH New Member

    Thanx... pl. let me relevant provision in act.
     
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