Service Tax Rate From 1-6-2016 for Under Construction Property

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  1. rajesh2016

    rajesh2016 New Member

    Dear Sir/Madam,
    I have bought under construction property of Rs.10,01,000/- in Surat City (Gujarat). So kindly let me know at which rate should i pay service tax? Is there any abatement ?

    Rajesh Patel
  2. ZED

    ZED Well-Known Member

    15% X 30% = 4.5%
    [70% is the abatement, therefore tax is only 30% os rate of ST]
    rajesh2016 likes this.
  3. Ronak Pandya

    Ronak Pandya New Member

    As per recent judgement by Delhi High Court, if it is a composite contract and price includes value of land then no service tax is required. This judgement will surely will be appeal in supreme court.
    rajesh2016 likes this.
  4. rajesh2016

    rajesh2016 New Member

    Thanks ZED & Ronak
    ZED likes this.
  5. sb9

    sb9 New Member

    Dear Sir/ Madam,
    I would like know Service tax on freight charges. The shipment is coming from China to India. The freight will be paying in India by the Exporter from Malaysia. While collecting the freight charges will Service tax applicable?If yes then what will the Services Tax on the whole amount or any other calculation?

    BHARATINK New Member

    Can someone please help whether I should pay VAT for under construction flat which is still not delivered to me as per promise. the builder has already obtained the CC & got the project approved by CIDCO. [email protected]
  7. ZED

    ZED Well-Known Member

    @BHARATINK , is Service tax charged by the builder?
    Did you made any payment before the completion certificate was received by the builder?

    If the Service tax was charged then I believe VAT must also be applicable in your case.
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