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|4th February 2009, 17:03||#1|
Join Date: Jan 2008
Thanked: 155 Times
Tax break for house buyers - No service tax
And finally we get some relief
We don't have to pay service tax on purchase on flat/hosue.
Tax break for house buyers-Bangalore-Cities-The Times of India
DNA: Mumbai: Flat buyers exempt from service tax
I did lot of fight with my builder on the service tax part few months back. They had no clarity on what portion I am supposed to pay service tax on and what is the exact percentage!. After few days of negotiation, he brought down the service tax from 1.6Lakhs to 1.1Lakhs. Now I am glad that I don't have to pay any cash.
Any of you know more about this?
What happens to existing buyers?
I am getting a copy of the court order through a known person. Have to talk to my builder tomorrow.
|4th February 2009, 17:09||#2|
Senior - BHPian
Join Date: Dec 2007
Thanked: 136 Times
All this is fine, but then, why not bring down the high level of pricing that is currently prevailing! Won't that be a better move?
This seems like the governments effort to keep the builders lobby happy. They keep the price high, the people borrow more money and when things are back, pass a government notice on new rates and backlog collections!
But, having said this, a welcome move never the less.
|4th February 2009, 19:32||#3|
Join Date: Jul 2006
Thanked: 85 Times
Buyers now are a relieved tribe...
|27th February 2010, 21:57||#4|
Senior - BHPian
Join Date: Sep 2004
Thanked: 528 Times
Now that in the budget 2010, all under construction flat buyers will have to pay service tax, has the good news ended?
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