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Lotus Panache by The 3C Company in Sector 110, Noida

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Lotus Panache by The 3C Company in Sector 110, Noida

Last updated: 13 hours ago
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  • Re : Lotus Panache by The 3C Company in Sector 110, Noida

    Hi Sanjay

    U are correct. It will be a huge burden on small Buyers like us who will have to pay 2.75% service tax out of the total cost of flat .
    I suppose most of us have not paid more than 2 installments.
    Can u confirm that this service tax guidelines has been approved .

    Comment


    • Re : Lotus Panache by The 3C Company in Sector 110, Noida

      Hi Nagpal

      It is subject to confirmation dear.

      Sanjay
      Sanjay

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      • Re : Lotus Panache by The 3C Company in Sector 110, Noida

        Service Tax

        Originally posted by vnagpal29 View Post
        Hi Sanjay

        U are correct. It will be a huge burden on small Buyers like us who will have to pay 2.75% service tax out of the total cost of flat .
        I suppose most of us have not paid more than 2 installments.
        Can u confirm that this service tax guidelines has been approved .

        Thanks Searchson2010 for this valuable information

        It is government tax and applicable to all builders. Service tax doesn’t depend when you booked flat. It is applicable for all payments made after 1st July 2010 for under construction property. Even if someone bought property in Year 2008 and getting possession in Dec 2010 and needs to pay Rs 5 Lakh on possession then this 5 Lakh will have service tax.
        From last 6-8 months every builder is writing this thing in all booking forms/allotment letters but it was implemented by government on 23rd June and even till 1st July 2010, it was not clear to lot of people that how it will be implemented.

        As of today, 2.58% service tax will be applicable on basic cost.
        As you can read that effective from 1st July 2010, all payments given to the builder will be consider under service tax. By going through different links on internet, these are the things:

        1. Adding PLC/Few other charges can save little bit money, For example a fix % of BSP will go as land cost and there will not be any service tax on that but for charges like PLC, there will be 10.3% service tax and it won't come under cost of land. For example, if BSP is Rs 2000 and PLC is Rs 200(first floor + park facing) then adding that will make BSP as Rs 2200, now if land cost is 25% by government then in first case, service tax payable will be on Rs 1500 + Rs 200 (PLC) = Rs 1700 but in second case, service tax payable will be on Rs 1650 (25% of 2200) so it will save little bit money. Similarly way adding other costs where service tax will be payable, one can save money.

        2. As per this notification, all money given by buyer after 1st July irrespective whether person booked 2 years before or 2 days before will come under service tax rules.

        3. Until there is no solution, it seems that cost of flat will be around 5% more however in my view, very soon you will see advertisement by builders where they will say that "zero service tax" or "Price includes service tax".



        Please Note: These are the point mentioned by Searchson2010 in various discussions and i am just forwarding it.

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        • Re : Lotus Panache by The 3C Company in Sector 110, Noida

          Well defined Atul. I agree.

          Lets wait for our next instalment. Things will be clear in the notice.

          Sanjay
          Sanjay

          Comment


          • Re : Lotus Panache by The 3C Company in Sector 110, Noida

            Hi All


            Anyone who receives next instalment due notice with demand of Service Tax may please share the info on the forum.

            Sanjay
            Sanjay

            Comment


            • Re : Lotus Panache by The 3C Company in Sector 110, Noida

              New Residential project by 3C's

              I got a message today, quoting
              "Most awaited Budget Homes from 3C's on Noida Expressway in just 22.75 Lacs(all inc)"

              is it sector 107 project (LB-2) or some else, but how is it possible cheaper from LP.???

              comments..

              Comment


              • Re : Lotus Panache by The 3C Company in Sector 110, Noida

                New project in Sec 141

                Just got a call from one broker, that they are launching a new project in Sector-141, and it wud be budget homes.
                Booking will open in 10-15 days.

                Comment


                • Re : Lotus Panache by The 3C Company in Sector 110, Noida

                  sector 168 3C Project

                  Hello Sachin,
                  Actually this may be sector 168 , most awaited project of 3C ,
                  some one told me before for that.

                  Comment


                  • Re : Lotus Panache by The 3C Company in Sector 110, Noida

                    might be some new project in sector 137/143?

                    Comment


                    • Re : Lotus Panache by The 3C Company in Sector 110, Noida

                      It should be Sector 168, opposite Sector 137 on the other side of e-way. Not sure whether it is budget homes or a normal project.
                      Sanjay

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