Service Tax applicable to all Redevelopment projects since 2012

tax1By Dr Sanjay Chaturvedi, LLB, PhD

Accommodation Times News Services

In a shocking news to to all old members of a society who have given their society for redevelopment or land lords who have gone with builders for redevelopment of their properties are now subject Service Tax since 2012.

Service Tax authority is sending notice to all members of the society who got possession or likely to get the possession in new buildings to pay service tax according to following circular which they we have already issued this circular in 2012 and now wants to implement retrospective.

 





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