I have brought a flat in Aug-2010 city pune paid uptp 85% , Agreement Value :1274200 MSEB Charges : 50000/- Maintenance : 6000/- Solar System :20000/- Society Register : 5000/-
What will be service tax i have to pay now builder ? why they are charging service tax for property value less than 20 Lac ?
06 June 2011
This depends on the contract with the builde and also the stage of building completion as on date of entering into a contract and timing of the payments.
If he is under worsk contract then he would charge you 4.12%.It could be different in different situations.
Thanks for your advise, but as per finance policy budget 2010/11 The low-cost housing segment (property worth less than Rs. 20 lakh) will be totally exempt from service tax.
CAclubindia
