Under construction Flat registered before year 2011

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  1. Breto

    Breto New Member

    Dear Sir / Madam,

    If the building is under construction and i have registered and have paid stamp duty to the authority in the month of March 2010. I am taking possession of the flat in year 2016. Am I liable for service tax and MVAT as per the revised rate ie 14% or am liable to pay only 1% as per service tax during 2010 even for payment made to a builder during year 2014, 2015 and 2016 as per progress of the construction work.

    How much service tax I have to pay now while taking possession. I have paid 25% before registration in year 2010.

    Regards
     
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