Dear All Experts,
Please suggest on Service Tax & VAT liability on under construction flat on group housing
At present, builder is charging VAT on below components
POWER BACKUP AMOUNT
CLUB MEMBERSHIP AMOUNT
CAR PARKING(OPEN) AMOUNT
EEC/FFC AMOUNT
EDC AMOUNT
LAND COST (%) AMOUNT
Service tax applicable on EDC amount or not
Thanks/Varun
Service Tax and VAT Applicability on Under-Construction Flat: Clarification Sought on EDC Charges in Group Housing Project A forum participant seeks advice on the applicability of Service Tax and VAT for an under-construction flat in a group housing project. The builder currently levies VAT on several components, including power backup, club membership, open car parking, EEC/FFC, EDC, and a percentage of the land cost. The participant specifically inquires whether service tax should be applied to the EDC amount. (AI Summary)
TaxTMI 
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