banner_ad

Service tax on property

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
03 April 2016 Hi

A person purchased an under constructed property in March'15. He paid 10% booking amount in March'15. ST was also paid on booking amount @ 3.03% (25% of 12.36%). The next installment became due in Dec'15. At this time, ST rate changed to 3.625% (25% of 14.5%). Now, the question is should the builder charge ST @ 3.625% or 3.03% on the amount that is due in Dec'15?
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
04 April 2016 The builder should charge ST at 3.625%.
Profile Image

KAVIRAJA ADDANGADI

Profile Image

KAVIRAJA ADDANGADI (Expert)
04 April 2016 Service Tax for Second Installment Due ST Rate @14.50% So 25% of 14.50 amounts to 3.625%.
Profile Image

venkata krishna reddy

Profile Image

venkata krishna reddy (Expert)
05 April 2016 service tax will be @3.625%
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
06 April 2016 Thanks everyone !!
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details