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Home > Forum > Bangalore > Property Tax > Is K VAT & Service tax payable for deposits?

Is K VAT & Service tax payable for deposits?

Q: Is K VAT and service charge payable to builders for deposits like 1) Water & Electricity Charges, 2)Generator, 3) Initial Sinking Fund, 4) First year Maintenance Charges.

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As as far i know 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 maintenance.
Vivek Kulkarni


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