Abhishek, Goa
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Stamp Duty & Service Tax
Q: We booked an under construction apartment and paid 2.9% stamp duty against Agreement to Sale. Now that i have to make sale deed for apartment i have to pay balance. My apartment cost 28.5 lacs so i was assuming i have to pay a total of 5%. Is this rate same? Where i can find this information. Second question: As per agreement i have to alos pay for service tax amount to builder. What will be rate at which this amount to be calculated? 12.26% (1/4th) which we made agreement to sale or 14% (1/4th) which is applicable now ?

Latest Answer: Thanks raj for sharing this link, now I can understand how to calculate ST. I really appreciate your posting..

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