Service Tax On Purchase of Under Construction Property - 0 views
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abhilasha singh on 18 Jun 10Budget 2010-11 and Service Tax On Purchase of Under Construction Property The budget 2010-11 brought rude shocking and a lot of confusion to prospective home buyers. But don't get too shocked, you won't pay service tax on the entire amount. The budget has suggested 10 per cent service tax on construction. For the past one month, many city builders have been asking purchasers to start paying up the service tax. Buyers are shock and say they were not informed of the additional levy when they had booked the flats. As per the budget, the service tax will be charged on only those residential projects which are still under construction.