Mirror Now
@mirrornow·2.2M subscribers·145K videos
Is Service tax payable on under-construction flat? - Property Hotline
Posted
September 1, 2016
Views
295
Likes
2
Engagement
0.68%
September 1, 2016
295
2
0.68%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
See what was published immediately before and after this episode.
5:54Now PlayingExpert: Pannkaj Ghadiali, Managing Partner at PC Ghadiali and Co LLP.
Question: Could you please give me clarification on the Delhi High Court verdict on service tax payable for an under-construction flat? Should we pay service tax or no?
Answer: The law on Service Tax is still evolving. The Delhi High Court judgement may already be challenged before the Supreme Court. So as of now although you can take shelter of the solitary judgement, may be if the Supreme Court judgement is not in favour, you may have to pay the service tax with interest. The builder may take a different view and if he decides to pay the service tax, he will want to recover it from you. In the soon to come GST, this issue may be well covered by the law. So in my opinion you should pay and in turn the builder can pay under protest.
Be Un Confused
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
