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Real Estate India & Properties - Sell Buy Rent Commercial N Residential Property With India's Stunni
It is a big victory for Promoters and Builders Association of Pune and Lakhs of property purchasers in the country. On 23rd August, Service Tax Authority in its circular No.96/7/2007-ST dated 23/8/07 clarified that there will be no Service Tax applicable on builders or developers.
In its para 079.01/.23.08.07 The circular said “in a case where the builder, promoter, developer or any such person builds a residential complex, having more than 12 residential units, by engaging a contractor for construction of the said residential complex, the contractor in his capacity as a taxable service provider (to the builder / promoter / developer / any su Read More..
