Service tax on development chgs for under construction flat

Queries 320 views 1 replies

Hi,

I have booked under construction flat in 2009 and same was registered in February 2010. Now in 2014 I am getting possession of flat. Builder asking Development Charges as per agreement. I just know want know that any Service Tax and or VAT applicable on Development chagres ? if yes, what is the rate of Service Tax And VAT ?

 

Replies (1)

External & Internal development charges:

If charged on actual payment basis: not taxable under service tax

If charged on Adhoc basis without disclosing actual charges: full amount is taxable under service tax


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register