Service tax on under construction residential flat
This query is : Resolved
07 July 2015
One of our client had booked a residential flat under construction in June 2010 and made booking payment of Rs. 30,00,000/-. He was provided with allotment letter. However, agreement is not made till date. The total value of the flat is Rs. 1,10,00,000/-. He has paid remaining amount in installments as calculated by the builder in which he had charged service tax @ 3.708%. However, from 1st June, 2015 onward, the builder is charging service tax @ 4.2%. Is he correct in charging revised rate of service tax?
07 July 2015
Yes he is correct in charging revised rate.
Message likes :
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07 July 2015
Dear Sir,
Can you pls provide me any notification or any other material in this regards.
Can you pls provide me any notification or any other material in this regards.
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