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TOPIC: Service tax

Service tax 2 years 1 month ago #4751

I have purchased underconstruction apartment and done booking in Oct 2012. I have paid 58% of flat cost in Oct12 and 29% in Apr 13. The service tax has been paid@ 3.09% which was the rate then. The flat is over 1 crore and is 1850 sq ft. Please advise if the service tax rate amendment in Mar13 would apply for me and if yes for which amount paid.

In addition I have also made 80% payment towards club house, infrastructure charges, society forming charges, 18 months maintenance which is usually paid on completion of property. Please advise if service tax is applicable for the misc charges also as builder is claiming service tax for this also.
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Service tax 2 years 1 month ago #4755

Hi Deepa,

As far as I know service tax is still 3.09% for under construction properties. I am unsure of what specific changes you are referring to.

Thanks and regards,
Krish
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Service tax 1 year 9 months ago #6338

Dear Tax expert,
Pls. confirm what will be % of service tax payable after 1 May 2015 . I booked my house in 2011 Dec.
Awaiting for your valuable expert advice.

Regards,
Jiten Mehta

Question posted by Jiten in the following link:
www.indiarealestateforums.com/news-feed-...diately#comment-2812
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Service tax 1 year 9 months ago #6339

Hi Jiten,

The tax rate should be as 3.09% since new tax is applicable from June 1.

Thanks and regards,
Krish
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