Is Service tax Applicable for Payment made for Under Construction Flat in Mumbai...?
If yes, at what rate is the service tax payable...?
And is Service tax is still payable if the Buyer is an NRI and payment for the under construction flat is made from NRE Account...
Please suggest......
Service tax is applicable on construction services of flat till the time builder gets OC.
Service Tax Rate from 01.04.2012 12%+3%
Yes dear service tax also applicable on construction of flats and rate of service tax is 4.944% in composition scheme and 12.36% in non composition scheme opt by service provider.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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Naveen Fintech Pvt Ltd
Kolkata
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