04 August 2012
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
04 August 2012
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.
CAclubindia
