Is there any service tax applicable in the case of residential property?
In present, No service tax applicable for residential property.
There will be no Service Tax under The Residentiral Property Scheme in the Real Estate Sector.
Currently renting of immovable property is a taxable service and as per current understanding, there are no as such changes in taxable services. so we can say that after GST become applicable renting of property service will be cover under GST Act.
applicable only if you buy from the builder developer