Service tax on residential flats

Querist : Anonymous (Querist) 19 January 2012 This query is : Resolved
HI.. I HAVE PURCHASED A RESIDENTIAL FLAT FROM ABC COMPANY. ABC COMPANY REGISTERED WITH S.TAX DEPT AS WORKS CONTRACT SERVICE AS LAND OWNER IS A SOCIETY. DEVLOPER DEMANDS 4.12% S.TAX + 0.60 VAT ON AGREEMENT AMOUNT OF SELL OF FLAT (I.E. 13,00,000), WHERE AS I UNDERSTAND THAT WE NEED TO PAY ONLY 2.575% OF S.TAX ON AGREED AMOUNT WHICH PAID AFTER 01.07.2010, I AM TOTALLY CONFUSED. IF ANY ONE CAN HELP ME FOR RIGHT CALCULATION OF SERVICE TAX PLEASE....REGDS,

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Sankaranarayanan (Expert) 19 January 2012
as for as the service tax is concern their the are registered under the composition scheme of service tax. bcz it not only involving construction more over interior work also they doing in the construction so it is chargeable under 4.12 instead of 2.06

Nadeem Qureshi (Expert) 19 January 2012
Mr. Narayan is right

Raj Kumar Makkad (Expert) 19 January 2012
The demand is exorbitant and illegal. You are liable for only 2.575% and not more than that.

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