I live in Chennai. I happened to see an article on "The Service tax puzzle" in The Hindu - Property Plus, published on "June-19-2010". Attached is the scanned copy of the article.
I have some queries on this. Could anyone please answer my queries?
I had bought an apartment in Chennai on Aug-2010 by registering the UDS of 445 sqft and the construction is going on. My first payment started on Sep-2010.
I have some queries on this. Could anyone please answer my queries?
I had bought an apartment in Chennai on Aug-2010 by registering the UDS of 445 sqft and the construction is going on. My first payment started on Sep-2010.
I got a letter from the builder on 27-Feb-2011, that I have to pay the service tax.
My apartment value is 19,10,000 Lakhs (Including All). There are totally 142 apartments. But according to the article attached, if the property value is less than 20 Lakhs, there is no service tax. So in my case,If I am not wrong ,I don't have to pay the service tax. Then I have no idea, why the builder is asking me to pay the service tax.
Could you please advise me how to proceed this case further?
Also I would like to know on what basis the Service tax is calculated.
Thanking you,
