Service tax
This query is : Resolved
05 June 2011
Dear Sir,
I have brought a flat in Aug-2010 city pune paid uptp 85% ,
Agreement Value :1274200
MSEB Charges : 50000/-
Maintenance : 6000/-
Solar System :20000/-
Society Register : 5000/-
What will be service tax i have to pay now builder ?
why they are charging service tax for property value less than 20 Lac ?
Appreciate if you can clarify
regards
Tabs
I have brought a flat in Aug-2010 city pune paid uptp 85% ,
Agreement Value :1274200
MSEB Charges : 50000/-
Maintenance : 6000/-
Solar System :20000/-
Society Register : 5000/-
What will be service tax i have to pay now builder ?
why they are charging service tax for property value less than 20 Lac ?
Appreciate if you can clarify
regards
Tabs
06 June 2011
This depends on the contract with the builde and also the stage of building completion as on date of entering into a contract and timing of the payments.
If he is under worsk contract then he would charge you 4.12%.It could be different in different situations.
If he is under worsk contract then he would charge you 4.12%.It could be different in different situations.
06 June 2011
Dear Madhurkar,
Thanks for your advise, but as per finance policy budget 2010/11 The low-cost housing segment (property worth less than Rs. 20 lakh) will be totally exempt from service tax.
Can you please clarify me on this
regards
Tabs
Thanks for your advise, but as per finance policy budget 2010/11 The low-cost housing segment (property worth less than Rs. 20 lakh) will be totally exempt from service tax.
Can you please clarify me on this
regards
Tabs
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- TDS Challan Code
- Relief u/s Section 89
- Nomination of Bank for refund in itr 2
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- STCG on ETF gold & silver
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
