Hi All,
I wanted to understand on how service tax is being charged on under construction flat
The builder of the property we have identified is charging VAT @ 5.5% on the (Basic Cost+Parking+KPTCL+BWSSB+Amenities) and
Service Tax = SUM(Basic Cost+Parking+KPTCL+BWSSB+Amenities *33%)*12.36%
Is the builder charging me right regarding Service Tax and VAT?
Property in Bangalore
Regards
Sashikanta