Dear Members need help on Service Tax and VAT payment
Recently I have booked Flat in the Pune and done the agreement in last week
while booking builder told me to pay the Service Tax & VAT and gave the cost, but builder was agree to pay the Service Tax at the time of possession.
below are the cost details -
Agreement cost(Basic+Parking+Development charges etc. ) - 40,80,000/-
Service Tax(3.5%) - 1,42,800/-
VAT(1%) - 40,800/-
Stamp duty(6%) - 2,44,800/-
Registration - 30,000/-
-------------------------
TOTAL -45,38,400/-
below is the sequence so far...
15-Septemeber - booked flat - Paid booking Amount - Rs. 50,000/-
15-Novemeber - Before Agreement I paid Rs. 11,31,600/- (including booking amount)
Paid Total = 20% of agreement cost + Stamp Duty + Registration + VAT = 11,31,600/-
on 20-November we did the agreement(Registration), while agreement I come to know that builder got the completion certificate from Pune Municipal corporation for the flat of Date 13-November-2015.
Builder is giving possession in Jan -2016. After agreement in Demand letter he mentioned the Service Tax with remaining 80% of Agreement cost.
As I made Payments after getting the Completion Certificate, my question is should I Pay the Service Tax to builder or Not?
Please help.
