Vat and S.T applicablity in Purchase of Flat

ADITI MALIK (article assistance) (78 Points)

28 December 2010  

Hey all,

This is regarding some practical issue which is confusing me…..my friend booked a flat in Pune (Maharashtra)…..n his builder is charging Vat @ 1% and Service tax @ 2.62%.....my question is that how come both S.T & Vat are applicable at a point of time…..i heard a news that maharashtra govt w.e.f. July'10 is charging Vat...bt not service tax....

Plz guys help me out yar…..everyday he is asking me for this….n I hv no  clue on this…..Thanks in advance …bbye….