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?
My replies to this discussion
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 builderHello 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
Q:
1. At what rates these taxes are applicable on residential apartments under construction, in Gujatat and Karnataka?
2. Is the tax applicable on the payments to be made or on total flat value? (e.g. 75% work completed before 31.03.11, and so payment)
My replies to this discussion
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 builderHello 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
Q:
Hi,
I have bought a new property and i want information about the taxes that are applicable.
1) Registration Charge: Land Deed + Agreement of construction
2) VAT(1.25%):
3) Service Tax(3.09%):
Can you please let me know on what amount will the above three be charged? The builder is charging on the total sales amount but I am not sure if that is correct.. Please guide me to the right government forum from where I can get the information..
naval,
Apartment Resident
26th November 2012
My replies to this discussion
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 builderHello 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
Q:
I’m planning to by an under-construction property in Pune. Previous owner had paid VAT on the flat, do I need to pay VAT again on same property?
My replies to this discussion
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 builderHello 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
