Service tax on purchase of flat
This query is : Resolved
Amit Nandy
(Querist)
02 January 2016
I have purchase a flat of 874 sq ft with a borrowed fund taken from PSU Bank. My registration will be complete very soon but CC will be available after registration. I will make the payment in one time by cheque. Please let me know whether service tax will be applicable or I get abatement from that service tax.
Amit Nandy
Amit Nandy
CA R SEETHARAMAN
(Expert)
02 January 2016
Yes service tax applicable at 14.5% on 25%(75% abatement) value of flat..
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