Vat and st on purchase of apartment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 September 2012
I have booked an apartment for 30 lakh INR,Building is under construction and will ready in another 6 months. I have agreed to pay 5.5% VAT for builder. Initially builder told no service tax need to be paid by me, but now he is demanding service tax @12%. Legally who should pay VAT and ST builder or Customer? what is the rate of VAT n ST in Bangalore? On what value I should pay the VAT and ST? my property registration value is 23 lakh. Thanks.
MJ Krishnamurthy
(Expert)
03 September 2012
Mr Author,
I have alreadyanswered this same query under Service Tax head. Please refer to it. Full details are given......MJK
I have alreadyanswered this same query under Service Tax head. Please refer to it. Full details are given......MJK
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