25 September 2012
Dearall brothers, Please clarify about the applicablity of service tax on a flat that has been booked in kolkata at a building consisting of 32 flats and separate garages. If yes, what is the rate of tax on a flat and on garage.
26 September 2012
The agreement as well as choice of builder would be important. If building complete then NIL. If under construction service then 25% of the amount recived If under worsk contract then on the construction part of the value 12.36x 40%.
CAclubindia
