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VAT and Service tax rate on purchasing a flat in bangalore

Q: Dear One

I am purchasing a ready to move flat in Bangalore worth Rs.3500000/-(Near Kempapura, Hebbal) kindly help me in understanding to know at what rate and on what amount the VAT and service taxes are charged.

Also, i learnt that, if the construction is completed, there is no need of paying any VAT and service tax by the buyers. Am i correct, if not please correct me and assist me with providing detailed information about VAT and service Tax on purchasing a flat in bangalore

sandesh jakka

8th May 2015

Buying property in Hebbal Kempapura, Bangalore

Latest Answer: When you buy a house, you pay for two components: 1) Value of land 2) Construction offered by the developer (service provider) Service tax is payable only in case of construction services and not on the value of land. In cases where it becomes difficult to ascertain cost of immovable property and service cost separately, government has come up with the provision of abatement scheme where an amount is levied on the total amount.

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Hi Anybody who work in Manyata saty who stay Sai garden?

Q: Hi,

Is there anybody who work in Manyata tech park? I am getting married next month and my fiancée works in Manyata. Please let me know a better way to commute to Manyata tech park or if there is any body working there would you be interested in Car pooling?

Regards,
Aiyappa.MM
9886353080

Aiyappa Mm , Apartment Resident

15th July 2014

Other in Hebbal Kempapura, Bangalore

Latest Answer: Hi Rubiya, From Kempapura main road. Close to yammalur Regards, Aiyappa.MM

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