Service Tax
Panchal
(Querist) 24 August 2010
This query is : Open
Dear sir,
I have booked flat in july 2010 which is under construction. Govt. introduced 2.575% service tax for the under construction flat, but it has got stay order by bombay high court.But the builder is asking service tax with every instalment of the completed construction work. I have taken Housing loan from SBI bank & doing payment towards the amount due against completed work. Builder is asking 2.575% service tax on the instalment amount. As i refused to pay the service tax b'cause it has got stay order, he says if u will not pay the service tax than the service tax amount will be deducted from the payment received from the SBI bank & kept aside & the remaining shortfall amount of the instalment will be charged 21% of interst.
Pls. advice me what i should do?
