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Service Tax & VAT
Q: What is Serivce Tax & VAT percentage for property in chennai? I suppose it is 3.75 % for property less than 50 lakhs? Is VAT Applicable if yes how it has to be calculated ?

Latest Answer: The government levies service tax on 25% of the cost of the flat. This effectively brings the service tax rate to 3.5%. There is no VAT levied for apartments purchased in Noida-NCR, Chennai, and Kolkata
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