Service Tax on Construction Cost excl. of Land Cost

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  1. girijakant mishra

    girijakant mishra New Member

    SIR,
    I HAD BOOKED A FLAT IN 2012 PAID 700000/.AND EVERY YEAR 2013 , 2014 & IN 2015 I HAVE PAID THE TOTAL AMOUNT AND REGISTERED MY FLAT .
    THE LAND COST IS RS.120000/- AND TILE FLOORING IS RS.1647970/- AND ELECTRIC ETC.IS RS.411993/- .THE FLOOR AREA IS LESS THAN 2000 SQ.FT.

    I HAVE CALCULATED MY SERVICE TAX LIABILITY AS 3.09 % ON RS.2059963/- I.E.RS.63653/-

    PLEASE TELL ME WHETHER IT IS CORRECT OR NOT ? IF INCORRECT TELL THE CORRECT CALCULATION AND AMOUNT TO BE PAID.IF CORRECT WHEN I SHOULD PAY THE TAX AS I HAVE REGISTERED IT IN 23/03/2015 ONLY.
     
  2. gaurav_kumar

    gaurav_kumar Well-Known Member

    Service Tax @ 3.09% is computed on the total cost i.e. Land + Construction
     
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