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Supratim Paul (E)     13 July 2015

Service and vat on under construction property

Hello Sir,

I am from Bangalore and looking for apartment. 

Most of the builder in Bangalore charge for Car Parking , is it legal to charge for Car Parking. Is no then is there any evidence to show the builder. Is there any rules by GOvt of State or India for Covered Car parking by builders.

When I asked the builder the builder said that , there is no rules to show that Car parking must not be charged and even if Car parking is made free then they will take the money by increasing sq. ft charge.

 

Next question is what is the service tax that must be charged by the under construction property by builder. The builder for me has quoted 5.6 % and VAT 4 % for Karnataka State. I read in many place the tax amount must be 3.5 % when Service Tax is 14%.

What is the correct Service tax and VAT that must be charged by the builders.  Please reponse whith document proof so that I can show to the builder. 

Please let me know.

Regards,

Raju

 

 

 

 

 

 



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