I boked flat in Jan 2011. The cost is Rs. 52.00 Lacs including basic cost, amenities (club, swimming pool etc.) and car parking. I took loan from SBI for 41.60 Lac. 30.00 Lacs paid in June 2011 by bank. 11.6 Lac paid in Apr 2012 by bank. Balance amount (10.40 Lac) paid by me to builder by Jun 2011. Flat registration completed 0n 07 July 2011. Builder was supposed to handover by Dec 2011 (+ 3 Months).
Now, as per latest Service Tax rule, builder is asking Service tax on 52.00 Lac.
Need guidance on the rule as well as 'How to arrive at amount'.
Is is necessary to pay Service Tax to builder ?
Will Builder submit the amount to Govt. ?
What proof I will get as a purchaser of flat for payment of service tax ?