Rupesh Vyas
Q: Is it right to charge service tax @ 8.12% on the Parking Lot ?? when buying a flat ? what buget rules says....as per my knowldge taxes are not applicable on Parking lot ...pls confirm

Latest Answer: Many builders sells parking space. It has been categorically mentioned in the budget that any amount paid for getting a parking slot allotted would not be subject to service tax.

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