Legal Question in Real Estate Law in India
I would like to know the proper service tax rule to buy a new flat. Is is calculated on agreement value or the valuation declared by the govt?
Asked on 5/18/13, 2:17 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
18.05.2013
Dear Sir / Madam,
Service Tax is calculated on the agreement value or the Govt. rateable value whichever is higher.
Regards,
Answered on 5/18/13, 3:37 am
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