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Computation of vat/st on under construction flat

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 September 2015 Dear experts,
the total flat value is 70 lacs and 14% vat is applicable however 25% ST is also applicable plz let me know how to calculate the vat and ST on this flat value 70 lacs,


regard
Namit Singhal
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Prabhat Kumar

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Prabhat Kumar (Expert)
28 September 2015 SERVICE TAX is payable @14% on 25% of the value i.e 14% on 17.5 lacs and VAT will be payable on applicable rate.

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