Vinay, Apartment Resident
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Service Tax & VAT in Bangalore on under construction property in 2013
Q: I recently booked an under-construction apartment (95% work done) of super built up area 970 Sqft. in Bangalore. The builder sales guy calculated Service Tax (12.36%) on 25% of construction value ( Flat Cost + Car Parking - Land Cost). But after booking during agreement he is saying that norms has changed now and service tax will be charged at 40% of the construction value. He is saying that norms changed since 1-Jul-12 however they did not get confirmation and now only got the confirmation. Please suggest what is current service tax rule is. He is making 2 agreements (1 for land and another for construction). And he did not reveal the modified service tax till I paid booking amount. Also he is asking for 4% VAT on Construction Value. Is it correct and is saying that later on he may charge service tax on maintenance cost as well. Please advise.

Latest Answer: Is the VAT and Service Tax applicable for new flats?

Is DSR woodwinds pre approved by HDFC bank and/or by LIC HF.

Latest Answer: Hi Vinay, I think DSR Woodwinds is approved by LIC HF. However in case you have not yet made a decision my advice is have a look at the flat before booking. I saw the flats and rejected out right. they are way too dark with no light in most rooms and kitchen.

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