Hi all. I have booked a under construction flat from a reputed builder in chennai. He quotes the basic rate per sqft for the flat as Rs. 3000/= (which include Land & building cost) for a 2BHK. He gives the split up for car parking , EB, drainage, and other amenities waht he is providing. additionally He is stating that the serive tax of 4.12% and VAT of 5 % Is charged for the flat which i have Booked. Can any one suggest me how this service tax of 4.12% is charged and form which cost it is caluclated. Like wise kindly clarify how this VAT of 5% is charged and form which cost it is calculate and on what % it is taken for both.
Thanks.
M.S.KARTHIKEYAN
