Tax on purchase of apartment
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 September 2011
sir,
Is service tax is applicable on the purchase of an apartment. If yes then at what rate it is charged??
If service tax is applicable then the customer has to pay tax on goverment value which is mentioned on sale deed Or on the market value ..??
Is service tax is applicable on the purchase of an apartment. If yes then at what rate it is charged??
If service tax is applicable then the customer has to pay tax on goverment value which is mentioned on sale deed Or on the market value ..??
28 September 2011
Service tax is applicable on purchase of an apartment if building is in under contructions or builder has not obtained CC from government authority. Aprat from this service tax is not applicable.
Service tax will applicable @ 2.575% on agreement value.
Service tax will applicable @ 2.575% on agreement value.
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 September 2011
sir,
thanks for replying. plz do reply for the second part of the question?
secondly, i purchased an apartment in a gated community which would be having 5 blocks and altogther 550 flats. my block is fully completed. is service tax applicable on that??
thanks for replying. plz do reply for the second part of the question?
secondly, i purchased an apartment in a gated community which would be having 5 blocks and altogther 550 flats. my block is fully completed. is service tax applicable on that??
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