I had booked one flat ( an apartment consisting of 9 flats ) in Kolkata on Nov 2011. The sale agreement was made on Dec 2011 and registered in Feb 2012 and payments were made accordingly . Successive payments were also made onwards Apr 2012. Now the builder has demanded a service tax @ 3.09 on the entire property ( including car parking ) few days back. My question should the payment made in 2011-12 and 2012-2013 be taxed separately given that there has been an increase in ST from 10.3 to 12.36 % in the last budget ?
It is to be notes that the apartment is not in a complex and the services to be provide ( as claimed by the builder ) consists of 24 hr power backup and security service. Would it be applicable for ST payments ?
Any feedback will be highly appreciated.
Thanks,
Joydeep