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Is service tax applicable on sinking funds?- Property Hotline
Posted
September 22, 2016
Views
200
September 22, 2016
200
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4:12Now PlayingExpert: Vinay Singh, Legal & Tax Expert.
Question: The developer is collecting sinking funds and maintenance charges to be paid 1 year in advance before occupation. Is service tax applicable on these payments?
Answer: If the builder is renting service to you and collecting maintenance charges then service tax is applicable on this.
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