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Do we need to pay service tax on every instalment?- Property Hotline
Posted
August 3, 2016
Views
102
August 3, 2016
102
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2:26Now PlayingExpert: Hemang Jariwala, Advocate at the Bombay High Court.
Question: I’m planning to buy a flat in Lucknow but only where the payment is based on construction linked plan. For this the builder is also charging the service tax every time when giving the instalment at the rate of 4.5%. So do we need to pay service tax every time?
Answer: In construction linked plan you will have to pay service at the time of construction. Just you will have to pay tax according to slabs. You can ask the developer to show you the receipt of the tax paid because there is as tax number which is issued to the developer.
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