Tax on house.
This query is : Resolved
Guest
Guest
(Querist)
08 January 2014
Respected all, I want to clear one query related to my flat. we had booked flat under construction making down payment. now it is ready for possession. so we have paid remaining dues including stamp duty and registration. now Builder is demanding vat & service tax on agreement value. my question is, are we liable to pay vat & service tax both now? if yes then how it is calculated?
09 January 2014
Hi
If property is purchased before completion of construction then ST is applicable.
Pl refer: https://www.servicetax.gov.in/circular/st-circular12/st-circ-162-2012.htm
https://ravikarandeekarsblog.blogspot.in/2012/10/Maharashtra-Value-Added-Tax-VAT-On-Property-Bought-Between-2006-and-2010-6.html
Thanks
If property is purchased before completion of construction then ST is applicable.
Pl refer: https://www.servicetax.gov.in/circular/st-circular12/st-circ-162-2012.htm
https://ravikarandeekarsblog.blogspot.in/2012/10/Maharashtra-Value-Added-Tax-VAT-On-Property-Bought-Between-2006-and-2010-6.html
Thanks
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