Biswajit Acharjee , Apartment Resident
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VAT & Service Tax on new Apartment in Bangalore
Q: Hello, I purchased new flat (under construction flat) in Bangalore in June 2011. Basic cost of my flat is 30Lakcs. And 1.5 Lacks for Car Parking. Total basic cost is 31.5 Lacks. My Builder charged me 5% of VAT on 31.5 Lacks (Basic Cost of Flat + Car Parking Amount). My Builder also charged me 2.7% of Service Tax on 31.5 Lacks (Basic Cost of Flat + Car Parking Amount). Do I need pay both VAT and Service Tax to my builder? Do I need to pay VAT? If yes, as per Govt. norms how VAT I need to pay to my builder? As per Govt. norms how much Service Tax I need to pay to my builder? Please advise. Thanks, Venkat.

My comments to replies
hi vrmaram, Same with me. Builder has imposed Service Tax (4.12%) - Rs 1,18,161 VAT (4 %) Rs. 1,10,720 BWSSB + KPTCL Charges 1,00,000 /-. Car Parking. 1,00,000 Cost of the flat 2,66,8000 Does the construction cost includes Registration charges usually ? Many thanks for one who throw light on this.
When you buy by flat you buy two things from the builder 1. Undivided Land of Share and 2. The flat Both VAT(4% or 5%) and Service Tax(10%) on 33% of the construction cost need to be paid on no 2 and not on no 1. Make sure you get a TAX invoice for those if builder is not giving you the TAX invoice then dont give those amount.
25th March 2012
sorry Service Tax is 10.3% on 25% of the construction cost
25th March 2012

Planning to buy 2bhk flat in mahaveer lakes
Q: I am planning to buy a 2 bhk flat in Mahaveer Lakes. Existing customers of other Mahaveer projects please tell me about the quality of construction of Reddy structures and any complaints regarding them.

My replies to this discussion
You can buy. There are lots of development in that road. Unique Selling Point 1. Price 2. Connectivity 3. Hospital, School, College 4. Raja Rajeshwari Nagar 3 KM 5. Metro 2nd pahse would come to Kengeri 6. Kengeri Railway Station 1 KM 7. Satellite Bus stand 1 KM 8.Nice road 2 KMYou can buy. There are lots of development in that road. Unique Selling Point 1. Price 2. Connectivity 3. Hospital, School, College 4. Raja Rajeshwari Nagar 3 KM 5. Metro 2nd pahse would come to Kengeri 6. Kengeri Railway Station 1 KM 7. Satellite Bus stand 1 KM 8.Nice road 2 KM
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