Respected Seniors.
Please help me to find answer for my query.
I have booked a underconstruction flat (FLEXI PAY scheme)in an appratment U.P. with below details
Booking was done in Oct 2010 and The possession will be in March 2013 as per builder's agreement
Home Loan has been taken from BANK.
Basic Price - 32,05,800/-
Other Charges mentioned in Builder's Annexture are below:
Car Parking - 1,50,000/-
Club MemberShip Charges - 35000/-
Power Backup - 15000/-
IFMS - 27400/-
EDC/IDC - 82200/-
No other charges are applicable as per annexture.
Now, builder say that I have to pay Service Tax @ 10.3 % for Car Parking, Club MemberShip Charges and Power Backup
and Service Tax @ 2.575% for entire BASIC PRICE.
As per my understanding the 33% of the total value is applicable for the Service Tax (2.575% OR 10.3% whichever applicable.)
Sir, I want to know below:
1. For what amount ST is applicable ?
2. Which part (from above specified values) is applicable for Service Tax @ 2.575% and which part is applicable for Service Tax @ 10.3 % ?
Also, please let me know if the SERVICE TAX IS NOT SHOWN BY BUILDER IN AGREEMENT SHALL I BE LIABLE TO PAY THAT?
Thank you your kind support and suggestions.
Regards
Chandra Prakash - (9999323758) - (chandra.prakash@nucleussoftware.com)
