Nilesh Rathor
12 years ago
I have booked an underconstruction house almost 2 years back. At present its almost ready and the builder is now asking to pay the service tax for the same even.On the total cost of the flat of 14,50,000/- he is going to make two parts. 3,65,000/- for the house rate and rest 10,85,000/- for the construction agreement. and he is telling the total amount to paid by me for service tax is 45,675/-. Means on the total amount of 14,50,000/- @ 3.15% he is charging from me. Is this the amount i have to pay. As i have understood the service tax has to be paid only on the service not even on the material cost. Please guide me on this matter as to what i have to do and how much i should pay. Waiting for a reply as i am expecting the registration very soon so please guide me at the earliest. Thanks.
Nilesh Rathor.
Service tax on a newly underconstruction house
I have booked an underconstruction house almost 2 years back. At present its almost ready and the builder is now asking to pay the service tax for the same even.On the total cost of the flat of 14,50,000/- he is going to make two parts. 3,65,000/- for the house rate and rest 10,85,000/- for the construction agreement. and he is telling the total amount to paid by me for service tax is 45,675/-. Means on the total amount of 14,50,000/- @ 3.15% he is charging from me. Is this the amount i have to pay. As i have understood the service tax has to be paid only on the service not even on the material cost. Please guide me on this matter as to what i have to do and how much i should pay. Waiting for a reply as i am expecting the registration very soon so please guide me at the earliest. Thanks.
Nilesh Rathor.