Service tax & VAT on Land owner's share of apartment
Q: When i purchaed apartment from Landowner, he clearly told me that there won't be any service tax as its a resale. Now he is asking for Service tax 3.09%. As he is saying that new rule has been implimented in Bangalore. Please help.
In resale transaction from any owner other than developer, no service tax is liable. For further clarification you can take advice from your legal expert.