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Service Tax on Under Construction Property
Q: Respected Seniors. Please help me to find answer for my query. I have booked a underconstruction flat (FLEXI PAY scheme)in an appratment U.P. with below details Booking was done in Oct 2010 and The possession will be in 2013 Basic Price - 32,05,800/- Other Charges mentioned in Builder's Annexture are below: Car Parking - 1,50,000/- Club MemberShip Charges - 35000/- Power Backup - 15000/- IFMS - 27400/- EDC/IDC - 82200/- No other charges are applicable as per annexture. Now, builder say that I have to pay Service Tax @ 10.3 % for Car Parking, Club MemberShip Charges and Power Backup and Service Tax @ 2.575% for entire BASIC PRICE. As per my understanding the 33% of the total value is applicable for the Service Tax (2.575% OR 10.3% whichever applicable.) Sir, I want to know below: 1. For what amount ST is applicable ? 2. Which part (from above specified values) is applicable for Service Tax @ 2.575% and which part is applicable for Service Tax @ 10.3 % ? Regards Chandra Prakash

Latest Answer: Hi Chandra
You can talk to your legal expert so that you legal expert will help you out about your Service Tax related information.

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