Service Tax on Fire Fighting, External Development by Builder

Share
Share This Thread
  1. romesh ghai

    romesh ghai New Member

    I BAUGHT A SUITE IN A COMMERCIAL PROPERTY THE CONSTRUCTION OF WHICH IS YET TO COMMENCE. THE BUILDER IS CHARGING ME 3.71 % ST ON THE BASIC SALE PRICE AND 12.36% ST ON PREFERRED LOCATION CHARGE(GROUND FLOOR), COURT YARD ACCESS, FIRE FIGHTING CHARGES, EXTERNAL DEVELOPMENT CHARGES, ETC. PLEASE ADVISE ME ON THE RATE OF ST TO BE PAID TO THE BUILDER? AS ALSO WHEN SHOULD I PAY IT E.I. NOW OR ON OFFER OF POSSESSION?
    I FEEL ALL THESE ADDITIONAL COSTS ARE PART OF THE SAME UNIT AND THE CHARGED ST SHOULD BE 3.71% ONLY. THE COST OF THE SUITE IS BELOW ONE CRORE AND AREA IS LESS THAN 500 SQ FT.
     
  2. rudrabose

    rudrabose Active Member

    1. As the cost of the property is less than 1 Crore and its size is also less than 2000 sq ft, therefore the service tax rate in this case would be 3.09%
    2. You would be required to pay the Service Tax now
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Services provided by SEZ Developer to SEZ Units GST Feb 8, 2018
AVAILABILITY OF INPUT TAX CREDIT TO SERVICE PROVIDER GST Jan 12, 2018
GST for SEO and Digital Marketing services to Foreign Clients GST Dec 27, 2017
What goods and services are exempt? GST Dec 18, 2017
Is GST charged on exported goods and services? GST Dec 18, 2017