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Service tax on under construction residential flat

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07 July 2015 One of our client had booked a residential flat under construction in June 2010 and made booking payment of Rs. 30,00,000/-. He was provided with allotment letter. However, agreement is not made till date. The total value of the flat is Rs. 1,10,00,000/-. He has paid remaining amount in installments as calculated by the builder in which he had charged service tax @ 3.708%. However, from 1st June, 2015 onward, the builder is charging service tax @ 4.2%. Is he correct in charging revised rate of service tax?

07 July 2015 Yes he is correct in charging revised rate.

07 July 2015 Dear Sir,

Can you pls provide me any notification or any other material in this regards.






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