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Comments on Service Tax and VAT on under-construction flat/ unit

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mahima

Wrote on 04 May 2013

our initial agreement was 22lks so vat and service tax are calculated on that amount. please clear my confusion. thanks a lot for such a good article.

Hi Vikas.We have purchased flat whose gross amount is 22,15,000,sale deed is 11,65000,construction deed is 10,5000.vat is applied on the gross amount/sale deed/construction deed?paid 13200 which is 0.6% of 22lkhs

Shailesh B

Wrote on 03 April 2013

I’ve purchased and registered flat in Nov 2010. Now I’m getting possession of the flat in Apr 2013. Builder is asking service tax @ 3.09%. So should I pay service tax @3.09% or 2.575%?

CA. Vikash Dwivedi

Wrote on 09 March 2013

@ Sachin: After submission it becomes CCI property and they earn from it which i gave them free of cost. Now to update i will have to send the amendments and Beg them to update it. Why should i do that? instead i would prefer to write my own blog.

Sachin Jain CA, CS, CWA

Wrote on 08 March 2013

Articale is good...need to be amended based on amendment in finance act 2013. Also VAT status of other states may also be compiled.

POOJA

Wrote on 05 March 2013

thnks...its very helpful article.

Amit Sawant

Wrote on 26 February 2013

Thanks a lot Sir. I knew nothing about this before reading your Article. Now I have fair idea. Just want to know when is the last date to pay the tax. I did my sale agreement in Sep 2010. Got possesion in Feb 2012.