Service tax on underconstruction commercial property

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  1. nba

    nba New Member

    1)My friend had bought an Office in 1st Floor. The builder has got O.C only upto 2nd Floor for the rest of the Floors OC is yet to be received. In this particular is Service Tax & VAT is exempted since part OC received but in the agreement it is mentioned that the possession of the office will be given in Jan,2017

    2) If rental invoice for May,16 is raised on 31.5.2016 for office given on lease.Should we collect KKC @ 0.50 % in this case since payment is likely to be received in June,16.
    Further we want to know if Maintenance bill is raised in April,16 in advance for the period Apr16 to June,16 on which we have not charged KKC for June,16 & 90% payments receieved from members for your information. Is KKC is applicable in this case.

    Pls Pls clarify my doubts
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