Ravi, Apartment Resident
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VAT and Service tax calculation for apartment in bangalore
Q: Hi, I have booked an apartment in Electronic city, Bangalore. The flat is under construction and will be available for possession during feb 2013. The builder has given us the cost break up which has Rs.2,62,000.00 as service tax and VAT on the property which cost Rs.32Lakhs (basic cost + car parking). Kindly clarify me, what is the calculation for service tax and vat? Also pls clarify me what is the need for two separate agreement, say sale agreement and construction agreement? Now my builder is telling me that he will be giving me only one agreement. Kindly advice me on this. your clarification will be much helpful for me. Kindly help me. Thanks Rona

My replies to this discussion
Hi Manohar, i went through the link but but it seems to be for last fiscal year..also article author did not try to give a crystal clear view on the process..what is that 33% to 25% roll back and when will you apply 12.36% and when will you apply 2.575% on what ......can you help us if you have knowledge on this subject..Hi Manohar, i went through the link but but it seems to be for last fiscal year..also article author did not try to give a crystal clear view on the process..what is that 33% to 25% roll back and when will you apply 12.36% and when will you apply 2.575% on what ......can you help us if you have knowledge on this subject..
the worst apt with even more worst owner of f 2 2 . do not take f 2 2
Q: We had far worst experience with the ownerand the house. Firstly, not furnished, old cupboards with damp brown spots, kitchen all time smelling, to top everything, the worst owner

My replies to this discussion
Hi Rajesh, What was the issue with owner? We are also looking for a 2BHK flat for rent in oakyard. could you please help your valuable inputs.... Regards RKHi Rajesh, What was the issue with owner? We are also looking for a 2BHK flat for rent in oakyard. could you please help your valuable inputs.... Regards RK
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