{"id":1734,"date":"2010-08-02T15:19:41","date_gmt":"2010-08-02T09:49:41","guid":{"rendered":"http:\/\/apartmentadda.com\/blog\/?p=1734"},"modified":"2023-11-02T06:40:55","modified_gmt":"2023-11-02T06:40:55","slug":"service-tax-for-apartment-purchase","status":"publish","type":"post","link":"https:\/\/adda.io\/blog\/2010\/08\/service-tax-for-apartment-purchase\/","title":{"rendered":"Service Tax for Apartment Purchase"},"content":{"rendered":"\n<p>From the Govt. Circular dated July 2010, there is sufficient clarity that:<\/p>\n\n\n\n<p>Payments received by a Builder of a Residential Complex from the Purchaser on and from <strong>1<sup>st<\/sup> July, 2010<\/strong> onwards is subject to Service Tax.<\/p>\n\n\n\n<p>All payments made to the Builder by the Purchaser, before 1st July 2010, is exempt from Service Tax.<\/p>\n\n\n\n<p>No Service Tax is applicable (irrespective of date of Payment),&nbsp; when the Purchase is made AFTER the issuance of the &#8216;Completion Certificate&#8217; of the Residential Complex.<\/p>\n\n\n\n<p>Related Articles:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/adda.io\/blog\/2010\/07\/finmin-refuses-to-remove-service-tax\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"FinMin refuses to remove Service Tax\u2028 (opens in a new tab)\">FinMin refuses to remove Service Tax<\/a><\/li><li><a href=\"https:\/\/adda.io\/blog\/2011\/01\/should-societies-collect-service-tax-from-members\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Should Societies collect Service Tax from Members (opens in a new tab)\">Should Societies collect Service Tax from Members<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>From the Govt. Circular dated July 2010, there is sufficient clarity that: Payments received by a Builder of a Residential Complex from the Purchaser on and from 1st July, 2010&hellip;<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[2024,2019],"tags":[255,256,257],"class_list":["post-1734","post","type-post","status-publish","format-standard","hentry","category-adda-community-accounting","category-adda-india-housing-society-apartment-management","tag-apartment","tag-service-tax","tag-villa"],"_links":{"self":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts\/1734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/comments?post=1734"}],"version-history":[{"count":2,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts\/1734\/revisions"}],"predecessor-version":[{"id":15986,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts\/1734\/revisions\/15986"}],"wp:attachment":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/media?parent=1734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/categories?post=1734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/tags?post=1734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}