Service tax
madhubala
(Querist) 20 September 2014
This query is : Resolved
Respected Madam/ Sir,
I booked an apartment in Gurgaon in May' 2012 and made 20% payment. For rest of the amount, installment(EMI) started from July' 2012.
Now, my builder sent an additional demand for service tax on following items:
1. 12.36% on EDC, IDC.
2. 12.36% on club membership.
3. 12.36% on IFMS (Interest Free Maintainance Charge).
4. 3.09% on parking.
I didn't pay any service tax on these items before.
My query is:
Is service tax applicable on all of the above and %age of tax is in accordance to the government rules? If so, please help me have the government circulars.
Thanks for your help,
Madhu
Devajyoti Barman
(Expert) 20 September 2014
Yes, the purchaser of flats directly from builder/developer now attracts service tax.
Rajendra K Goyal
(Expert) 20 September 2014
Yes, flat purchased from builder attracts service tax.
ajay sethi
(Expert) 20 September 2014
agree with experts
madhubala
(Querist) 20 September 2014
Actually ,I wanted to know if service tax is charged individually on the above mentioned things .WHEREAS MY KNOWLEDGE GOES ,IT WAS ONLY ON EDC AND IDC,NOT ON CAR PARKING ,CLUB MEMBERSHIP AND IFMS.CAN U PLS.HELP ME WITH THE GOVT. CIRCULAR WHICH SAYS SO.THANX A GREAT DEAL!!!!!!!!!!!!
T. Kalaiselvan, Advocate
(Expert) 27 September 2014
The service tax charged should be on an overall basis, since the builder has split it, you are getting confused over the issue, better consult a local consultant for further clarifications.
