Service Tax Calculator for Under Construction Flat !


Service tax on purchase of flat from builder is reality . When a person books a flat from a builder , it is an order of construction.What you do is to  buy the proportionate share in the common land and give a contract to build a flat in a common building to the contractor. The Government imposes service tax for new home purchase on the amount of value charged by the contractor for construction service and not on the value of goods i.e land and other materials used . The rate of service tax is 12.36 % ( inclusive of cess) .

This content is for annual members only.

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