Clarification on Service Tax for flat

[latheeshvl]

Dear All,

Need a clarification on service tax , VAT and Cess with respect to the flats under construction in Kerala. I have booked a flat in Kerala in Jan 2010. Its still under constuction - in the final stages of hand over.
I started paying the amounts towards the flat from Jan 2010 onwards . Approximately around 1% of balance payment is still outstanding.

Total flat cost comes to 3248189. Split for some of the items are Land value is 795000,Construction Amount - 1987500, Car parking 175000, VAT (3.03) = 69599 and Cess (C.W.W.F) 1% = 30920

Now builder has come up with additional service tax to be paid @ 3.399 from Jan 2010 till March 2012 and @ 4.08 for balance reciveable after march 2012

I need to know whether I have to pay VAT , CESS and service tax - all together ?

If so what is the service tax percentage from Jan 2010 onwards till Now. I heard that service tax got introduced from 2010 budget. SO do I have to pay service tax for amounts which I have paid before April 2010?

please clarify
rgds
Lathish
xxx@yyy.zzz - Deleted email id - posting against forum rules

[Yogi M. P. Singh]

Sponsorer

Hon'ble member. This website provides advice regarding the use of R.T.I. Act 2005. To get access to aforesaid information , you respected member may submit an RTI communique under subsection 1 of section 6 of R.T.I. Act 2005 before CPIO central excise office of particular region to furnish access to information within time stipulated under subsection 1 of section 7 of R.T.I. Act 2005. For detail take the help of material available on this website and sister concern.

[karira]

There is a lot of confusion over this issue. The best is to walk into the nearest Customs, Excise and Service Tax commissioners office, speak to the PIO and get the matter clarified.

[nagraj_bk]

Dear Lathish,
Yes i too have booked a flat in Mumbai in Oct 2010, in an under construction building. I too have paid VAT for 1% of the total registered value and service tax on the amount which i am disbursing to the builder on the raise of every floor.
Book under construction flat before July 2010 to avoid 3.30% Service tax on Agreement Value - Accommodation Times

I too have one query: till now i had paid one time VAT which is 1% of total agreement value. And had been paying 2.58% service tax on each of the demand amouunt from builder on raise of each floor.
But after the budget announcement, this march he has asked me to poay 3.09% instead of 2.58%. Wanted to confirm if this increase is as per the new budget norms?

Thanks,
Nagaraj

[AtulMPurohit]

Hi,

I have purchased a flat in Pune under PCMC corporation. Registration date for the flat is 18th Mar, 2010. I have completed all the due against my flat on 21st April 2010.

I would like to know if VAT and Service Tax is applicable on the flat or not.