I bought an under construction property and registered with stamp duty payment in February 2012. my builder said me to pay service tax before giving possession. I gave service tax of 3.09% of Agreement value. As per budget 2012-2013, wef april 1,2012 its 3.09%. But i bought my property in the Fy 2011-2012.
Kindly Clarify my doubt, which date is effective, registration/stamp duty of my property or the date when my builder is paying service tax to the govt.?
My builder said that we can pay service tax on time of possession also., ( possession date given in the agreement was June 2012 & we got actual possession in Aug 2012 only) even if we have paid in Feb 2012, he would have paid to the govt. after collecting from the other flat owners only.
Kindly give me the correct percentage of service tax levied to us.
