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Rustomjee azziano I wing
Q: Anyone here booked - Rustomjee azziano I wing? Pls connect with me. There is huge issue post gst. Prices increased with extra 12% tax..I am looking to get all customers

gst
vat & service tax for under construction property
gst impact on under construction properties
impact of gst on completed projects
Latest Answer: Very simple, it is clearly given that GST is not applicable on completed projects. If you r flat does not VAT plus Service Tax as on completion date then it will not attract GST from 1st July and vice-versa. Hope this will help you clarify your doubt.
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interest if delayed payment
Q: i have booked flat in March 16 with 20 % booking amount, now builder has received OC, he is asking for rest payment in 15 days, otherwise he will charge interest,, is this right?? secondly do i need to pay service tax and VAT,, as builder received OC and sales agreement not yet to signed but it is their mentioned in allotment letter.

service tax
vat
vat & service tax for under construction property
Latest Answer: And remember, Since VAT is a state subject, various states have their own laws for levying VAT. To overcome the difficulty in ascertaining the exact cost of materials in the agreement amount, states like Maharashtra provide for the payment of VAT on the entire value of the agreement, under a ‘composition scheme’. In Maharashtra, the rate of VAT under this composition scheme, is 1% of the total agreement value.
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VAT and Service tax calculation for apartment in bangalore
Q: My builder is charging VAT @14.5%
Service Tax @ 15%

Property is in Electronic City Phase-1

What is the current rate going on.

vat & service tax for under construction property
Latest Answer: I had heard a lot about the HT wires in the project. In order to check the authenticity, I visited the property myself and saw that there is a high tension line with 5 towers within the complex – goes by the eastern and northern sides. There is going to be a gap of 30-60 feet between the high tension line and the building, the distance varies from block to block. Propsurf
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Buyiing flat in mana candela phase 2
Q: Hi am planing to book a 2BHK flat in Mana Candela 2. They are charging too much on VAT and service tax. As per govt rule VAT is only 5% of the total cost and service tax is 14% of ( 25% of total material cost). If anyone have booked earlier. Please let me know how much VAT and service tax you have paid.

mana candela
vat & service tax for under construction property
Latest Answer: Can you please help me with information what is current status of Mana Candela approval , Also this property falls under Gram panchayat land . So does it have A khata , OC and CC . please let me know as i am planning to book a flat there
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Service tax & vat on construction property

service tax & vat on constructed property
vat & service tax in pune
vat & service tax for under construction property
Latest Answer: HI Ashok, In budget 2015-16, it was proposed that a home buyer will pay a service tax of 14% while buying a property that is under construction instead of the current 12.36%. It is not charged on the entire value of the property but only to the extent of cost of construction. This means that cost of land is excluded.
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