Service tax applicable or not
This query is : Resolved
27 May 2015
Dear sir
iam purchase a villa in goa builder has charges service tax 3.7%. please suggest me service tax applicable or not.
iam purchase a villa in goa builder has charges service tax 3.7%. please suggest me service tax applicable or not.
Amol S Joglekar
(Expert)
27 May 2015
service tax is very much applicable.
Sumit Grover
(Expert)
27 May 2015
Yes, if it was under construction villa(i.e. before issuance of completion certificate), then service tax is applicable.
27 May 2015
he service tax is
charged on the basic value of the
flat. For Service Tax calculation 25%
of the basic value is considered. For
example, if your basic price 40L Rs.
The value to be considered for service
tax calculation �ll be 10L Rs.
charged on the basic value of the
flat. For Service Tax calculation 25%
of the basic value is considered. For
example, if your basic price 40L Rs.
The value to be considered for service
tax calculation �ll be 10L Rs.
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