Query regarding service tax in Hyderabad

Q: I am going to buy flat in kukatpally which is under construction.Buyer asks me to pay 5% of registration value as service tax. I am liitle confused about service tax calculation.Can anyone please help me in calculating it?

Thanks

divya,

14th February 2013

Buying property in Hyderabad

Follow Discussion

Also see discussions for

Hyderabad Buying property Buying property in Hyderabad

Replies (2)

Hi Rajiv,
Thanks for response.
Apartment is constructed with GPA in which builder constructed apartment and give 40% flats to landowner. I am going to buy flat from land owner. Is there any change in service tax for these kind of flats as land owner is saying me the same thing that these are different from normally constructed flats and will attract more service tax.

divya,

20th February 2013

Comment

Hi divya..As per my knowledge service tax of 3.09% is paid on under construction residential complexes. It is calculated on the total document value of the flat.

Rajiv,

20th February 2013

Comment

Ask a Question

Related Forum Discussions

BITCOIN INVESTMENT

REPLIES

+971547437934'S ABORTIONS/ABORTION PILLS

Commercial 1500 square property facing Masanpally cross road

Need latest update on Lavender Homes plot project in Shadnagar by Cape Town Developers?

Is parking considered as Floor in panchayat approved layout

REPLIES

View more Discussions(+)

Follow A Topic

CommonFloor Property Search Mobile App now available on Android, iOS and Windows!