Vat & service tax
Ashish
(Querist) 25 February 2014
This query is : Open
The agreement value of my flat in pune is Rs. 36,59,325/-.
In my case as it will attract both VAT (on the value of the material i.e. brick, steel, cement etc., used in the execution of the construction) and Service Tax on the value of the labour and services involved in construction.
Please let me know how to come to know how much is the vat on the value of the material used for construction and service tax on the value of the labour and services involved in construction as the builder does not give breakup of material and Service used in construction.
OR
If VAT and Service Tax will be calculated on the agreement value then it will be how much?
With regards,
Ashish
