Rupesh Vyas
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VAT & Service Tax on new Apartment in Bangalore
Q: Hello, I purchased new flat (under construction flat) in Bangalore in June 2011. Basic cost of my flat is 30Lakcs. And 1.5 Lacks for Car Parking. Total basic cost is 31.5 Lacks. My Builder charged me 5% of VAT on 31.5 Lacks (Basic Cost of Flat + Car Parking Amount). My Builder also charged me 2.7% of Service Tax on 31.5 Lacks (Basic Cost of Flat + Car Parking Amount). Do I need pay both VAT and Service Tax to my builder? Do I need to pay VAT? If yes, as per Govt. norms how VAT I need to pay to my builder? As per Govt. norms how much Service Tax I need to pay to my builder? Please advise. Thanks, Venkat.

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hi vrmaram, Same with me. Builder has imposed Service Tax (4.12%) - Rs 1,18,161 VAT (4 %) Rs. 1,10,720 BWSSB + KPTCL Charges 1,00,000 /-. Car Parking. 1,00,000 Cost of the flat 2,66,8000 Does the construction cost includes Registration charges usually ? Many thanks for one who throw light on this.
As on Jan 2013 ...Service Tax @ 12.36% on 25% of BASIC Price ( if Land Cost is included ) otherwise 12.36% on 33% of Basic Sale price ....rest of the things as KTPCL+BWSSB + AMMENITIES are chnarged at 12.36% ....BUT Parking could not be chnarged for service tax as , as per SC decision Parking slot is not an extra service but the part of construction itself
21st January 2013

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