I am Gokul Ganjare and I have booked a property in Pune in 31st Oct 2009 and done aggriment on 01st.Jan.2010 . It is an Under Construction Property with possession date confirmed as March, 2013. Right now,85 % work is over. The builder is asking for payment of Service Tax and VAT
I am confused about paying so i have pay or not Applicable for me because as following
In the maharastra the VAT is payable on all the aggrement registed after 1.4.2010 @ 1% whereas Service Tax is payable on all the property including residential property registered after 1.7.2010 @ 2.57% of the registered value.
I have done aggriment on 01st.Jan.2010 before 01.04.2010
Please sugget me and how much Services Tax and Vat I have Pay.