Rs , sq ft

Removed from Shortlist

My Shortlist ()
Keep track of your shortlisted properties here. Shortlist a property to get started.

Service Tax

Supreme Court continues stay on HC order on commercial rent service tax

Supreme Court continues stay on HC order on commercial rent service tax
The Supreme Court today maintained its stay on a Delhi High Court order that sought to restrain the Centre from recovering service tax on renting property for commercial use. A bench comprising Justices Mukundakam Sharma and A R Dave said that the apex court’s interim order of January 13 will continue till further orders. The [...] Continue Reading »

Service tax on on-going works contracts

Service tax on on-going works contracts
The services such as construction, erection, commissioning or installation, repair services provided prior to 1 June 2007 made taxable with effect from 1 June 2007. In case a contract where the provision of service commenced prior to 01.06.2007 and any payment of service tax was made under the respective taxable service before 01.06.2007 – No [...] Continue Reading »

Sales Tax Department To Take Action Against Builders

Sales Tax Department To Take Action Against Builders
The sales tax department has threatened to take action against many builders after having come across several cases of tax evasion. The Builders have already collected Tax on under-construction property from the property buyers. But only a few have deposited it. Construction projects in the city and the state are once again under the scanner. [...] Continue Reading »

Service Tax Rolled Back To 25 Per Cent

Service Tax Rolled Back To 25 Per Cent
The budget 2010-11 had imposed 10 per cent service tax on under construction property. The property is considered “under construction” till the builder receives a “completion certificate”. According to Source, Service Tax is applicable only on property under construction or where a completed building has not received its occupation certificate. If the entire amount for [...] Continue Reading »



CommonFloor Property Search Mobile App now available on Android, iOS and Windows!