20 January 2014
We have purchased a house, say of Rs. 25 Lakhs and made the agreement in December 2011. The payments were made in FY 2011-12 & FY 2012-13. Suppose Rs. 5 Lakhs is paid in FY 2011-12 & the balance in FY 2012-13. what will be the rate of Service Tax payable on the amount of the house?
16 March 2014
Thank you Mr. Vaibhav...but what I want to know is, what will be the rate of service tax applicable on the purchase of the house since there was a revision in the rate of service tax. Plz advise... very urgent!!!