Finance Minister has imposed the service tax on real estate sector. The inserted new amendment is as under:

§  In the “construction of complex Service”, it is being provided that unless the entire consideration for the property is paid after the completion of construction (i.e. after receipt of completion certificate from the competent authority), the activity of construction would be deemed to be a taxable service provided by the builder/promoter/developer to the prospective buyer and the service tax would be charged accordingly.

Thus all the buyers has to pay the service tax after the introduction of notified date.