Service Tax on sale of under construction villa

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  1. Dear Sir/Madam,

    May I request the esteemed members here to please help me with the following queries?

    1. What is the service tax applicable for residential villa properties sold by a builder in raw, semi finished stages?

    2. Is Service tax applicable on residential properties sold by the landlord who got the property by the virtue of development agreement with the builder?

    3. Is service tax applicable for full completed residential properties sold either by private individual / builder/ landlord?
  2. Manoj Mehra

    Manoj Mehra Active Member

    1. Service Tax would be applicable on an under construction villa sold by a builder. This is because it is not the only villa in the complex and there would be other villa's as well. If this is the only villa - then service tax will not be applicable
    2. Not sure on this part.
    3. Service Tax is not applicable on fully constructed properties irrespective of whether it is sold by individual/ builder/ landlord.
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