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Home > Forum > Thane > Kasarvadavali > Property Tax > Vat rate for under construction flat?

Vat rate for under construction flat?


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Hi,
Hi,
In budget 2015-16, it was proposed that a homebuyer will pay a service tax of 14% while buying a property that’s under construction instead of the current 12.36%.

As service tax is charged only on the construction cost, the effective rate on the entire value of a property below Rs.1 crore is 3.09% (12.36% on 25% of property value) and for a property above Rs.1 crore, the effective rate on the entire value of the property is 3.71% (12.36% on 30% of property value).
Vinay Dixit


Ok but I'm asking about the vat details not service tax
surendra joglekar,  
16th February 2016


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