VAT and Service Tax for Flat in Bangalore

Q: I have booked a flat in Bangalore. Now the builder is asking me to pay the VAT and Service taxes. I heard VAT is 5% and Service tax is approx 2.5%. I would like to know how the VAT and Service taxes are calculated

Sishir,

19th February 2013

Legal in Bangalore

vat

service tax

properties in bangalore

Follow Discussion

Also see discussions for

Bangalore Legal Legal in Bangalore

Replies (5)

Please google. you may get good results

Ammerender Singh, Apartment Resident

25th February 2013

Comment

Both vat and service tax has to be calculated on the basic amount., u cant charge a tax on the tax ie.service tax is a tax, you cant charge VAT on the service tax. so it has to be basis amount only

Harmeet Kaur,

21st February 2013

Comment

VAT is charged on goods at each and every stage of value addition and Service Tax is charged on every taxable services.

Gajendra V, Bangalore

21st February 2013

Comment

Is VAT and service tax the same, if not what is the difference?

Yogendra, Bangalore

21st February 2013

Comment

As per my knowledge VAT s 4% and Service tax is approx 5% of the total cost of the flat (Unit Price, Car Parking, Power/Water, Generator, Club etc whatever you pay to the builder) This does not include Regn, Maintenance etc as I understand.

Balaji, Bangalore

21st February 2013

Comment