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Service Tax on Under Construction Property before and after GST

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Service Tax on Under Construction Property before and after GST

Last updated: June 24 2017
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  • Service Tax on Under Construction Property before and after GST

    Hi,

    I have purchased a villa and not sure the rate at which the builder has calculated the service tax and now I have a doubt that the builder has over charged us in the service tax part.

    Over all project cost is Rs. 5004515 and the land cost is Rs. 108000 and the registration cost is Rs. 96400.

    Now, the construction cost with all the amenities is Rs. 3828115. So, I think service tax is applicable for this amount.

    Could someone confirm the service tax I am liable to pay and the changes if any due to GST from July 1st?
  • #2

    #2

    Re : Service Tax on Under Construction Property before and after GST

    Where is this project if I am not very inquisitive?

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    • #3

      #3

      Re : Service Tax on Under Construction Property before and after GST

      Got to know its 6% if its only construction & 4.5% if it includes land. Also, GST won't have an impact and at the max a 1-2% give or take in terms of rate. Will update what builder comes up in July.

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