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| *Loan,banking and credit>>>car tax |
Promoters selling flats asking to pay 4.059 % as service tax payable on cost of flat + car parking.is it ok? |
Promoters selling flats asking to pay 4.059 % as service tax payable on cost of flat + car parking.is it ok? There is no service tax if the builder is constructing the flats on his own.However, if the builder gives a contract of construction to a contractor; the contractor will be liable to pay service tax at the rate of 12.36 per cent on 33 per cent of the contract value. Source(s): www.allindiantaxes.com |
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