service tax on property

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  1. gowdayogesh

    gowdayogesh New Member

    I booked a flat on 5 april 2016. I have paid service tax @ 3.625%. but now builder is asking to pay @ 4.35% due to change in abatement rule. just want to know what is the actual service tax applicable to me.
     
  2. ZED

    ZED Well-Known Member

    Till April it will be 4.35%
    From June it shall be 4.5% [Due to Krishi Kalyan Cess]
    The rate of abatement has been decreased to 70% from 75%

    Notification No. 8/2016
     
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