rakeshrrr
Posted Discussions
Posted Replies

VAT & Service Tax
Q: I have been scouting for multiple projects & have enquired the VAT and service tax percentages. The VAT percentage is 4% and 10.3% of 33% of construction cost as service tax. The VAT and service tax in this project is much higher - did any of you clarify this?

Latest Answer: Hello Sir , Please clarify on the VAT rules on underconstruction property in Bangalore The property is under JDA with landowner . The builder is giving two agreement (1. Construction ,2. Sales) Could you clarify on the tax as below charger by builder and what is right amount - By builder 1. VAT = {(Basic cost + Car parking +bescom/bass + club membership)*9.5} 2. Service TAx = {(Basic cost + car parking +,bescomm+ club+ maintenance + corpus fund)*25%*12.3} Please clarify and suggest.If possible share the reference so that I can share with builder

Ask a Question
120 Characters Left





    Trending Categories

    CommonFloor Property Search Mobile App now available on Android, iOS and Windows!