In purchase of flat constructed by a builder, I have came to know that the low-cost housing segment (property worth less than Rs. 20 lakh) is totally exempt from service tax payment. The same information is shared by some senior members in this forum.
However, i have checked the exemption notification No. 28/2010 which states that the exemption is only for JNNURM and RAY.
Is not this exemption applicable to all property purchase worth less than 20 lacs?
Please clarify on the matter, since it is important to many members.
