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Real Estate Forum on Revised Service Tax In Thane

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Q: service tax on under construction property.. new service tax rate of 3.71% is applicable from 1/4/2013 or 1/3/2013? please advice.

Latest Answer: Hey Guys, Budget 2015 has increased Service tax rate from 12.36% to 14%. The basic rate of service tax is now 14% and education cess will be levied to it. Service tax charged at the rate of 3.5% on construction service which carpet area of unit is less than 2000 sq-ft. amount charged is less than Rs.1 crore.
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