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Author : Anonymous
( Author )
04 August 2012
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I propose to buy a flat from a builder, who constructs 6 flats only in Chennai's sub-urb. The construction cost alone Rs.28/= lakhs otherthan the undivided portion of the land cost. Will it attract service tax based on the value of construction or number flats in the site basis pl reply
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Nilesh
( Expert )
04 August 2012
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After 1 July 2012, exemption is limited only for a single house
Notification No. 25/2012-Service Tax
New Delhi, the 20th June, 2012.
View are personal and based on limited facts.
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visu iyer
( Expert )
04 August 2012
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Agree with Nilesh ji..
to add...
confirm from the builder the rate of tax charged under compounding method or regular method.
the cost involved on tax is addition to your cost.
Plan and discuss accordingly and wishing u all the best.
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