sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« Service Tax »
 12 ways to avoid paying more for bank services
 I-T return filing: Income Tax offices, Ayakar Seva Kendras to remain open from March 29-31
 Top 5 money matters you must settle before March 31 From income tax returns to LTCG,
 Steep fines for missing March 31 income tax deadline
 CBEC clears some air on refunds under GST, central excise, service tax laws
 3 key tax changes for senior citizens which will come into effect from April 1, 2018
 Income tax returns (ITR) filing: Not filed returns for 2 years? Beware! Deadline nearing
 All you want to know about HRA: When you can claim and how it is calculated?
 Income Tax Saving: 6 ways to save tax without investing before March 31 tax deadline
 Unnable to file your tax return? Take help of these portals
 Do you know which 80C instruments can help you save tax and carry no future tax liability?

Housing Chamber moves HC on service tax
November, 28th 2011

The Maharashtra Chamber of Housing and Industry (MCHI), through a petition filed in the Bombay High Court, has challenged the levy of service tax on building and construction activities undertaken by builders and developers.

In July, the High Court (HC) had asked the central government not to take any coersive steps against the builders body for recovery of service tax until the petition is decided.

However, in an order passed in August, the court said the interim relief granted to the MCHI would extend only to those of its members who have undertaken to pay the service tax in case the petition is dismissed.

The verdict in the case may be of great significance for home-buyers as it may either rid them of the additional cost on account of paying service tax to the Centre or saddle them with extra costs making homes dearer. Justice D Y Chandrachud and Justice A A Sayed are likely to hear the case further on November 29.

In its petition, the MCHI has contended that the transaction between the builder and his client, prospective buyer, is essentially a transaction of sale and purchase of immovable property. This transaction has been subjected to various other taxing events such as resignation charges, stamp duty and so on. The same, therefore, under no circumstances can be construed as service and therefore, subject to levy of service tax.

In the petition challenging sections of the Finance Act, 1994, as amended by the Finance Act, 2010, the court had earlier observed that arguable questions were raised that needed consideration.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Outsourcing Company Offshore Software Outsourcing Software Outsourcing Company India Offshore Outsourcing Company India Software BPO Software Business Process Outsourcing Software Outsourcing India Offsho

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions