raghav, Bangalore
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VAT AND SERVICE TAX FOR NRI -?
Q: Dear sir I would like to have your advise about VAT and service tax slab ob below stature. My total cost for 2 BK in Horamava INR 43 Lak and other amenities cost around 12 lak . totally 56 lak. in this regards what would be the cost of VAT and service tax. kindly advise Im also NRI. - ANY OPTIONS FOR THIS.

Latest Answer: When you buy a house, you pay for two components: 1) Value of land 2) Construction offered by the developer (service provider) Service tax is payable only in case of construction services and not on the value of land. In cases where it becomes difficult to ascertain cost of immovable property and service cost separately, government has come up with the provision of abatement scheme where an amount is levied on the total amount.

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