Real Estate Forum on Service Tax And Vat In Mumbai

Latest Answer: Hi All, Thanks for your inputs. My query is, The project is under SRA Dept. and The OC is given by SRA Dept. I have consulted 5 tax consultants. the query is about whether the SRA Dept fits under the "Competent Authority" term of Service Tax exemption rule. 3 Tax consultants say that SRA Dept OC is of NO use and BMC OC should be obtained to avoid paying Service TAX But 2 Tax Consultants say that the Project Development Plan is under SRA Dept and SRA Gives the 1st OC on the basis of which BMC later on will issue their OC.\ According to them SRA Dept fits under The specifications of "Competent Authority" Term and This dept's OC is valid for the property to gain immovable property term. so Service tax and VAT is not applicable. Hence now I am confused and seeking for the answer. If any one can enlighten me about this then it would be of a great help. Waiting for the positive reply. Thanks Dr. Satyavrat Nanal +91-9892229523 +91-8454845088

Latest Answer: Thanks for all the inputs, but I doubts if the current service tax rate for property above 1 Cr is 3.71, as I feel this was increased in November 2015 and again in this Budget. So looking for table which state the same. I don't want to give up additional amount in the name of tax,

Latest Answer: Hi, Sir, I need to know regarding Stamp Duty and other charges. like I buy already a Flat now a time to take position so before that i need to make registration so what type of taxes should be paid by me? example stamp duty and what? Appreciate your immediate response.