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Service tax for real estate

Queries 789 views 1 replies

Dear Experts 

A real estate company charge total amount  for flat collectively  

as - BSP - 25 Lakh (including all charges) 

OR 

BSP -20 lakh,  Power back up -1Lakh , EDC and IDC - 1Lakh , Car Parking - 1 Lakh , PLC -1 Lakh  -    Total -25 Lakh 

My queries are 

what is rate of  Service tax on parts other than BSP 

Do  there  any objection to departement to charge amount collectively  

 thanks and regards

Ritesh Khurana

 

Replies (1)

 

Well, Let me Clear First to You, Service Tax is Applicable Only in Case When You receive Payment in Advance Before Completion of Certificate Otherwise Only VAT is Applicable.
 
AfterThat, If You Show Charge Differently Then It Will be 5 Lacs as Works Contract, and on That Work Contract provisions are Applicabl as of 50-50%.


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