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In order to resolve a long standing issue relating to levy of Service Tax on sale of flats\/dwellings etc. after issue of occupancy certificate but before issue of completion certificate in areas under the jurisdiction of Municipal Corporation of Greater Mumbai i.e. Brihanmumbai Municipal Corporation (BMC), it has been conveyed to the Service Tax Authorities in Mumbai on Friday, 23rd October, 2015 that sale of flats\/dwellings etc., where the entire consideration is received after issue of occupancy certificate by BMC, leading to a mere transfer of title in immovable property, falls outside the definition of \u201cService\u201d provided in Section 65B (44) of the Finance Act, 1994, and is therefore, not taxable. <\/span><\/p>\n

<\/div>\n
**********<\/div>\n
Source: PIB<\/div>\n","protected":false},"excerpt":{"rendered":"

In order to resolve a long standing issue relating to levy of Service Tax on sale of flats\/dwellings etc. after issue of occupancy certificate but before issue of completion certificate in areas under the jurisdiction of Municipal Corporation of Greater Mumbai i.e. Brihanmumbai Municipal Corporation (BMC), it has been conveyed to the Service Tax Authorities … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[89],"class_list":["post-298","post","type-post","status-publish","format-standard","hentry","category-services-tax","tag-immovable-property"],"yoast_head":"\nMere transfer of title in immovable property is exempted from Service Tax - All About Finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/taxclick.org\/type\/services-tax\/mere-transfer-of-title-in-immovable-property-is-exempted-from-service-tax\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mere transfer of title in immovable property is exempted from Service Tax - All About Finance\" \/>\n<meta property=\"og:description\" content=\"In order to resolve a long standing issue relating to levy of Service Tax on sale of flats\/dwellings etc. after issue of occupancy certificate but before issue of completion certificate in areas under the jurisdiction of Municipal Corporation of Greater Mumbai i.e. Brihanmumbai Municipal Corporation (BMC), it has been conveyed to the Service Tax Authorities ... 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