Service tax on under construction residential flat

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AVDHESH MAURYA (Querist)
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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?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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07 July 2015 Yes he is correct in charging revised rate.

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AVDHESH MAURYA

AVDHESH MAURYA (Querist)
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07 July 2015 Dear Sir,

Can you pls provide me any notification or any other material in this regards.

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