Rs , sq ft

Removed from Shortlist

My Shortlist ()
View All Shortlist
Keep track of your shortlisted properties here. Shortlist a property to get started.

Home > Forum

Real Estate Forum on Service Tax & Vat On Constructed Property

Real Estate Property Discussion Forum and Guide to Real Estate Queries

Filter On:


View Discussion from the month of
Builder took the money of service tax and Vat but has not given me any receipts . 9 months after buying flat in Guwahati
Q: When i purchased the flat in Guwahati in October 2015, the building was ready to move. the builder asked for ST and VAT money and i paid. But builder has not given me any challan yet.

Also on similar note, I asked yesterday for the project completion certificate (as i know that after project completion certificate is issued, we dont need to pay ST) , he said they have applied for Completion certificate. How can they apply for it now one year residents started moving in?

Did they builder play a foul game? What is the possibility? What should i do?

service tax
service tax & vat on constructed property
service tax & vat on under construction property
legal advice
service tax not levy on ready to move property
Latest Answer: Hi folks!! VAT and Service Tax are not applicable for “Constructed Property”. It is only applicable for under construction flat. Secondly, VAT may vary from state to state as it is state subject but service tax is uniform across country i.e. 15% as it is fixed by Govt of India from !st June 2016.
3 Replies
Reply


Also see discussions for
Guwahati Property Tax Property Tax in Guwahati
Service tax & vat on construction property

service tax & vat on constructed property
vat & service tax in pune
vat & service tax for under construction property
Latest Answer: HI Ashok, In budget 2015-16, it was proposed that a home buyer will pay a service tax of 14% while buying a property that is under construction instead of the current 12.36%. It is not charged on the entire value of the property but only to the extent of cost of construction. This means that cost of land is excluded.
1 Replies
Reply


Also see discussions for
Pune Chakan Meena Regency Property Tax Property Tax in Pune Property Tax in Chakan Property Tax in Meena Regency
Can builder charge VAT & Service Tax after getting CC?

service tax & vat on constructed property
service tax & vat on under construction property
under construction property
service tax 2015-16
Latest Answer: In Technical terms CC means Commencement Certificate and not completion certificate. YES, builder HAS to charge Service tax and VAT for flats sold even before or after obtaining CC. once the building is complete, government issues OC which means Occupancy Certificate, and flats sold / registered after that are free of Service tax and VAT.
2 Replies
Reply


Also see discussions for
Mumbai Property Tax Property Tax in Mumbai
Rate of VAT & service tax on Flat purchase in Borivali, Mumbai
Q: The total agreement value will be Rs.10000000/- approx. Builder has got CC but not OC. Now I would like to know what Rate of VAT and Service Tax is applicale and on which amount. I came to that since the builder got CC no VAT or Service Tax is payable. PL enlighten me the actual position of these inditrect taxes.........

For your information area of flat is 780 sq.ft Carpet and 873.6 is Built-up...

occupancy certificate
service tax & vat on constructed property
service tax & vat on under construction property
commencement certificate
no brokers please
rate of vat & service tax
Latest Answer: Hello Sir, Service Tax and VAT are paid only for under construction properties. And Land cost is exempted from both these charges. A property is termed "under construction" till the builder receives a "completion certificate" from the relevant authorities. If the entire amount for the property purchase is paid after the receipt of a completion certificate, there would be no service tax levied on the purchase of the property.
1 Replies
Reply


Also see discussions for
Mumbai Borivali East Property Tax Property Tax in Mumbai Property Tax in Borivali East
I have booked a flat in pune for which I have ask builder for some modifications (like extension of kitchen platform, added some Electrical fittings, etc... ) which cost Rs.72000 including raw material & labour. Now builder is asking me for pay service tax @12.36% for this work. Is it correct ?? Is service tax valid for the whole amount or I should pay tax for only labour cost.
Q: service tax & vat on constructed property,

service tax & vat on constructed property
Latest Answer: Thanks Siddharth..
2 Replies
Reply


Also see discussions for
Pune Property Tax Property Tax in Pune
Regarding service tax on residential Property.
Q: We have bought a house in April 2012 from the builder worth Rs 50 Lakhs. The occupational certificate is issued dated June 2009 i.e prior to date of registration. Now the builder is asking us to pay Rs 1.5 Lakhs or 3 percent towards service Tax and Rs 0.5 Lakh or 1 percent towards VAT.


Q.1.Are we suppose to pay service tax of 3 percent even though we have bought the property post occupational certificate?

Q.2.Are we suppose to pay VAT of 1 percent even though we have bought the property post occupational certificate? What all proof do we need to take from him, if we have to pay him?

Would be a great help if I get some clarifications.


If I can get some relevant government notification link on service tax regarding purchase of constructed property, Concrete proof on regulation etc .

service tax & vat on constructed property
occupational certificate
Latest Answer: Had the builder directly sold the property to you or was it a resale??
1 Replies
Reply


Also see discussions for
Mumbai Property Tax Property Tax in Mumbai
Show More
Ask a Question
120 Characters Left

    Ask a Question
    120 Characters Left

      Related Discussions
      What is the best plot investment scheme in Mira Road?
      43
      REPLIES

      What is the best plot investment scheme in tathawade, Pune?
      15
      REPLIES

      what Best six sigma geen blet certification.
      07
      REPLIES

      What is the best plot investment scheme in Undri, Pune?
      12
      REPLIES

      Which residential project is good for investment purpose in Dhanori?
      19
      REPLIES





      Trending Categories

      Popular Cities
      Gurgaon
      Noida
      Greater-noida
      Ghaziabad
      Mumbai
      Pune
      Bangalore
      Hyderabad
      Chennai
      Delhi







      CommonFloor Property Search Mobile App now available on Android, iOS and Windows!

      Disclaimer : Commonfloor.com cannot be held responsible for the accuracy of data displayed on the site. Commonfloor.com does not claim any guarantee and it should be individualistically verified.


      About
    • Cancellation & Refund Policy
      • Privacy Policy Terms of Service
      Popular Pages
      Realestate in Bangalore Realestate in Noida Realestate in Gurgaon Realestate in Greater Noida Realestate in Ghaziabad Realestate in Faridabad Realestate in Delhi NCR
      Projects Bangalore Projects Mumbai Projects Pune Projects Chennai Projects Delhi Projects Hyderabad Projects Kolkata Projects Ahmedabad Projects Kochi Projects
      More.. Real Estate News Site Map Create a CommonFloor Projects in Gurgaon Projects in Greater Noida Projects in Ghaziabad Projects in Faridabad Projects in Delhi NCR Apartments for Sale in Noida Apartments for Sale in Gurgaon Apartments for Sale in Greater Noida Apartments for Sale in Ghaziabad Apartments for Sale in Faridabad Apartments for Sale in Delhi NCR


      Copyright © 2007-25 CommonFloor.com. All rights reserved.

      Visalatchi Enclave Phase II, Legacy Celino, Unitech Uniworld Resorts, Sobha Elite, The Gran Carmen, CVK Kailasagiri, Lodha Meridian, Century Breeze, AMI Le Reve, Vatika Premium Floors, Civitech Stadia, Anta River Valley, Parth Gardenia, SMR Vinay Fountainhead, Yuga Kalpataru, Paras Manyata Phase I, Pashmina Waterfront, Opera Fortune, Indi Gold, Unitech Vistas Phase II,