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Monty (Owner)     03 September 2015

Vat on purchase of apartment from builder

I booked a flat under 'Haryana Govt Affordable Housing Policy, 2013' and was successful candidate in Draw of Lots.

Basic sale price of Flat is 20 Lac. It will be completed in 4 yrs time for possession.

In the Installment plan Builder has asked for Service Tax @ 3.5% on First Premium and so on for all other premiums.

I want to know:

a) Why is developer demanding service tax. Is apartment Construction and sale is under service ?

b) Will there be VAT also on this, which developer can demand ?

Thanks



Learning

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