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Satish Rathore (Software Dev)     29 May 2013

Right time to pay service tax and vat ?

Hi,

I have purchased a flat in indore , with the cost  1500 sq/ft (guideline rate) of 998 area. so the total property value is 1497000. Now property is under construction. and i want to do registry of  flat.

When i ask builder to do the registry he told me to pay 240860  as

(119760 (8% stamp duty) + 46258 ( 3.09 % service tax) + 74850 ( 5 % Vat )

is all the charge he applied is valid or i can get some conecession.

can i pay only stamp duty charge now and at the time of passsion pay service tax and vat. ?

Please suggest.

Thanks in advance.

 



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