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26-02-10
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#1 |
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New Member
Join Date: Dec 2009
Posts: 15
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Service Tax on Under Construction Flat booking
Can some one please put more light on this? If yes who will pay this Buyer OR Builder? |
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26-02-10
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#2 |
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Veteran Member
Join Date: Apr 2009
Posts: 1,009
My Mood:
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Obviously buyer.
Even if builder pays; it will be taken from buyer(may be more) |
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26-02-10
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#3 |
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Veteran Member
Join Date: Jun 2009
Posts: 3,495
My Mood:
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If this is correct, this means prices will fall as there is no apetite to digest another 10% hike
 . Bad news for builders though. Man, what is happening? Builders lobby lost it's steam , anyways, they are hardly active outside Mah & Delhi-NCR.
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26-02-10
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#4 |
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New Member
Join Date: Dec 2009
Posts: 15
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oh! god
Govt giving 50K from Tax and asking to pay 3L more for 30L flat
Now 30L flat will cost 40L (3L service tax, 2L parking, 5L stam duty+mseb+ soc. main+other charges) |
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26-02-10
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#5 |
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New Member
Join Date: Dec 2009
Posts: 15
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Another Point
If the property (Flat) is Ready To Move (Ready Possession) then NO Service Tax....What a JOKE
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26-02-10
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#6 | |
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Veteran Member
Join Date: Jun 2009
Posts: 3,495
My Mood:
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Quote:
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26-02-10
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#7 |
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New Member
Join Date: Jan 2010
Posts: 13
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Service tax will be on the service of construction. The flat cost contains land cost also. So according to me it wont be like 3L for 30L flat. If construction cost is considered as 1500/sq ft. then it will be I guess 150rs/sq ft.
This is what I have understood after reading on some of the news websites. I may be wrong. |
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27-02-10
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#8 |
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Junior Member
Join Date: Oct 2009
Posts: 141
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Resale flats will be better option and black money will be flooded in the market.
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27-02-10
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#9 |
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Senior Member
Join Date: Sep 2009
Posts: 942
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I thought 3.4% of total cost, including parking, EDC/IDC, club - everything. So 30L all inclusive flat will cost 1 Lakh more now.
BLOODY GOVT!!!!! :-((( |
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27-02-10
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#10 |
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New Member
Join Date: Jan 2010
Posts: 17
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Service tax on row house?
Hi,
Anyone having idea, how will service tax be calculated for row-houses? For flats it will be 10% on approx 34% of flat cost. Also, it seems it will only be paid for payments after 1st April. What if flat is 90% ready before 1st april i.e. developer has provided 90% service before 1st april? |
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