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Is it right to charge service tax @ 8.12% on the Parking Lot ?? when buying a flat ? what buget rules says
Q: Is it right to charge service tax @ 8.12% on the Parking Lot ?? when buying a flat ? what buget rules says....as per my knowldge taxes are not applicable on Parking lot ...pls confirm
Many builders sells parking space. It has been categorically mentioned in the budget that any amount paid for getting a parking slot allotted would not be subject to service tax.