CESTAT upheld that no service tax is applicable on Refundable Advances and Sale of Self-Owned Flats is sale of immovable property and thus not Liable to Service Tax
The Respondent, M/s Skylink Construction Pvt. Ltd., was registered under service tax for providing construction services, including construction of commercial/industrial buildings, civil structures, and residential complex services, and was regularly filing ST-3 returns. The Department conducted an investigation and issued a show cause notice dated 22.04.2016 raising a total demand of INR 5,29,39,121 along with interest and penalty.