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Home > Forum > Bangalore > Kadubeesanahalli > Other > WHEN IS THE INCIDENCE OF SERVICE TAX ON CONSTRUCTIONS

WHEN IS THE INCIDENCE OF SERVICE TAX ON CONSTRUCTIONS

Q: WHEN IS THE INCIDENCE OF SERVICE TAX ON CONSTRUCTIONS
Srsubramanian

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Bangalore Kadubeesanahalli Other Other in Bangalore Other in Kadubeesanahalli
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1
In Bangalore, service tax is imposed by the Central Government
Ravindra kaushik


2
In Bangalore, service tax is imposed by the Central Government for under construction property. Though it sounds simple but the calculation of service tax is bit complicated due to its applicability to various cost heads. Service Tax is required to be paid only when you are purchasing a property directly from the developer. It is not required for resale properties.

It is levied on 30% of the cost of the property, if the property value is Rs 1 crore or above or the carpet area of the apartment is more than 2000 sq. ft.
Rakesh


3

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