Service tax on payments to builder made post OC

Share This Thread
  1. DeepakH

    DeepakH New Member


    Like your opinion. if our payment terms with the builder are 50% at booking and 50% on possession post OC. while I know ST is payable on the initial 50%
    Question 1: What happens to the payment made post receipt of OC. will it attract ST
    Question 2: Also what happens if agreement is done post OC and 1st payment is made towards a allotment letter

    please advice.
  2. ZED

    ZED Well-Known Member

    Yes entire amount attracts ST, because the entire amount was not paid after receiving of completion certificate.

    I will see the date of completion certificate , which is received prior to the issuance of OC.
    If no payment is made prior to the receipt of CC, then only the transaction will be out of purview ST.
Draft saved Draft deleted