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Can service be inclusive in real estate

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(Querist)
03 March 2015 Hi there,

I have received 1,00,000 for a sales of flat of Rs 15,00,000/- can i calculate Service Tax and VAT inclusive in Rs. 15,00,000/- ( I have mentioned in Sale Deed that 15,00,000/- inclusive of all govt. dues but stamp duty is paid on entire 15,00,000)
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Rajesh Sharma

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Rajesh Sharma (Expert)
04 March 2015 Hi

Please clarify whether it is First sale or second sale of flat?
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Ashka

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Ashka (Querist)
05 March 2015 Sir it is first Sale of flat. New Scheme Only.



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Tapas Ruparelia

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Tapas Ruparelia (Expert)
24 April 2015 Yes. Service tax can be calculated as inclusive in such case. Are you paying VAT under composition scheme?

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