Service tax on new flat from land lord in hyderabad
Q: Hi, i was asked 3.625% service tax on sale amount from the seller of Flat. This Flat/Apartment is Landlord's share. He said there is No VAT on land lord's flats but there is service tax which meeds to be paid. He said this rule is new from April. Please let me know is this information correct?
Do Land Lords need to pay service tax on new apartments sell? i know Builders have to pay service tax and VAT and builders take that amount from buyers. But what about when we buy New Flat from Land lord, do we need to pay service tax?
Hello, I did not see any update about the new rule in service tax and VAT in Hyderabad. Before booking I would suggest you to take advice from a legal expert.