Status of Service Tax liability

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..... Status of Service Tax liability
Query (Issue) Started By: - Sandhya Vijaykumar Dated:- 10-6-2015 Last Reply Date:- 11-6-2015 Service Tax
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Service Tax
Hello experts, Thanks .....

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..... in advance. May I know the legal status in the given transaction. Here is a transaction such that, an agreement was entered between promoter/builder and prospective buyer for sale of flat on completi .....

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..... on of construction of residential complex. Now, at the stage when only foundation and compound walls have been constructed leaving the rest of the majority work incomplete, the promoter/builder has tr .....

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..... ansferred the agreement to execute the contract to another promoter/buyer. In this scenario, what would be the status of service tax liability on the new promoter/buyer? N S SANDHYA Advocate, Bangal .....

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..... ore Reply By ashish chaudhary: The Reply: If new promoter receives advance from the buyer, service tax liability would arise. If no advance received before completion of service by new builder, no l .....

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..... iability in his hand Reply By Mahir S: The Reply: The original (old) builder has to first discharge his duty liability for all payments and advances received till date and thereafter the new promote .....

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..... r shall be liable.
Discussion Forum - Knowledge Sharing .....

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