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Kiran P (Member Techinical)     15 October 2013

Service tax for flat

Hello Sir,

Recently I am planning to purchage new flat in Hyderabad, Andhra Pradesh.  Bank loan is apporved.

Agreement is completed. Planning do the registar the flat in 5 days.

Now the builder is telling to pay VAT and Service tax by me.

Note: In the agrement, it is mentioned.

How much amount I have to pay for Service Tax and VAT.

Property Cost is 36,00,000 (Market Value). Registration Value is 23,00,000.

Can you please update me.

Thanks in advance

Kiran P



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 1 Replies

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     15 October 2013

If it is under construction flat only, you have to pay service & VAT taxes. For Work completed flats no need to pay such taxes. My phone no:9989324294,Mayuri Marg, Begumpet,Hyd.


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