Prasad, Hyderabad
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Regarding VAT/Service tax
Q: I have bought a new flat in Hyderabad, Telangana. At time of registration I have paid 3.08 % service tax and 1.25% VAT. After that at every installment i release I am paying 5% of VAT and 3.08% service tax. Is this correct ? I somehow feel builder is collecting more VAT.. Please do anyone have any idea about VAT to be paid after every installment release?

Latest Answer: VAT is Payable on Unit value + Service Tax @ 1.25% only according to aparna constructions cost sheet. and service tax is 3.09%

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