Service tax for underconstruction property?

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  1. Prasad Raich

    Prasad Raich New Member

    Hi Expert,

    I just wanted to check what is the service tax percentage I need to pay to builder ?

    My brother has purchased a property in Pune and till last installment he was paying service tax as 3.63% but now builder is asking to pay service tax as 4.35%.
    Can you please review & confirm? Also let me know when this has changed?

    regards,
    Prasad Raich
     
  2. Rahul_Dalvi

    Rahul_Dalvi New Member

    Yes it was 4.35% till 31st May 16, now it would be 4.5%. Refer attached NOTIFICATION
    No. 8/2016-Service Tax
    ( Previously it was 25% of Total ST% and now it is 30% of Total ST% Irrespective of flat cost or area).








     

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