Mahesh Desai
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VAT and Service tax rate on purchasing a flat in bangalore
Q: Dear One I am purchasing a ready to move flat in Bangalore worth Rs.3500000/-(Near Kempapura, Hebbal) kindly help me in understanding to know at what rate and on what amount the VAT and service taxes are charged. Also, i learnt that, if the construction is completed, there is no need of paying any VAT and service tax by the buyers. Am i correct, if not please correct me and assist me with providing detailed information about VAT and service Tax on purchasing a flat in bangalore

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If the flat is ready to move and builder got OC/CC then no need to pay any service tax and VAT
Builder got CC but not OC. In this case what is the status. If VAT & Service Tax is payable then on what value? i.e agreement value or index value which Govt charge stamp duty & registration.....
27th August 2015

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